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Fly News Breaks for May 23, 2016
FL
May 23, 2016 | 08:37 EDT
Jefferies analyst Edward Plank says shares of Foot Locker were "overly punished" Friday post the company's earnings report. Most aspects of the retailer's business are performing well and valuation is "very attractive," Plank tells investors in a research note. He lowered his price target for the shares to $73 from $82 and keeps a Buy rating on Foot Locker.
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