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Fly News Breaks for March 17, 2015
FL
Mar 17, 2015 | 06:13 EDT
Citigroup says Foot Locker's analyst day yesterday removed a "major" near-term uncertainty around the stock. Citi notes the company's five-year top-line targets were better than it expected. It believes Nike's multi-channel growth opportunities were highlighted yesterday and it recommends buying the stock. Citi dropped its price target for shares to $69 from $70 and keeps a Buy rating on Nike.
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