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Fly News Breaks for February 29, 2016
FL
Feb 29, 2016 | 07:33 EDT
Brean Capital said they would be buyers on the weakness in Foot Locker after the company delivered solid Q4 results. The firm said they believe the deceleration in comps is being misread, as they believe it is a timing issue from tax refunds and launch calendar shifts. Brean Capital expects the trend to reverse as the company moves through the first quarter and therefore reiterates its Buy rating and raised its price target to $78 from $77 on Foot Locker shares.
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