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Fly News Breaks for May 23, 2016
FL
May 23, 2016 | 07:42 EDT
UBS said the headwinds affecting Foot Locker should diminish by the second half of the year despite near term visibility being slightly worse than expected. The firm pointed to higher average selling prices and traffic as positives, while suggesting margins should improve. UBS reiterated its Buy rating and lowered its price target to $69 from $74 on Foot Locker shares.
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