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Fly News Breaks for May 22, 2017
FL
May 22, 2017 | 07:52 EDT
Baird analyst Jonathan Komp said Foot Locker reported disappointing Q1 results but said the share's current levels provide a compelling opportunity similar to that seen in the first two quarters of 2016. He expects slower comps to be temporary, with new products from shoe makers adding to the second half. Komp lowered his price target to $77 from $85 on Foot Locker shares but reiterated his Outperform rating.
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