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Fly News Breaks for December 10, 2015
FL
Dec 10, 2015 | 07:35 EDT
Canaccord met with Foot Locker management and came away confident in the future opportunities that will drive consistent comp gains and EBIT margin expansion. The firm sees an expansion of its product portfolio, disciplined inventory management and supply chain productivity gains. Canaccord reiterated its Buy rating and $80 price target on Foot Locker shares.
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