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Fly News Breaks for March 17, 2015
FL
Mar 17, 2015 | 07:30 EDT
UBS said the Foot Locker analyst day highlighted several growth strategies, including Kids expansion, European growth, and plans to build its Apparel, Digital, and Women businesses. The firm said the long-term guidance implies upside to Street estimates and the company could accelerates cash returns to shareholders to stabilize earnings growth and offer downside protection. UBS reiterated its Buy rating and $67 price target on Foot Locker shares.
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