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Fly News Breaks for December 4, 2015
FL
Dec 4, 2015 | 09:17 EDT
BB&T analyst Corinna Freedman initiated Foot Locker with a Buy rating and $80 price target on shares. Freedman is optimistic on continued top-line improvements and resulting in leverage through fiscal 2020 given a variety of productivity and efficiency initiatives in place at each of its concepts, best-in-class management, strong balance sheet, and as Footlocker is currently surpassing its long-term EBIT margin targets.
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