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Fly News Breaks for August 18, 2017
FL
Aug 18, 2017 | 10:50 EDT
Deutsche Bank analyst Paul Trussell downgraded Foot Locker earlier today and cut his price target for the shares to $49 from $72. The Q2 earnings report show demand is waning, price points are pressured by promotions, and weak mall traffic is "becoming a hurdle even FL can't overcome," Trussell writes in a research note.
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