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Fly News Breaks for March 5, 2018
FL
Mar 5, 2018 | 08:36 EDT
Citi analyst Kate McShane says that even with Foot Locker's fiscal 2019 guidance, her earnings estimates remain largely unchanged. She lowered her price target for the shares to $46 from $54 and keeps a Buy rating on the name. The analyst continues to view Foot Locker's comp weakness as cyclical. McShane feels Friday's selloff seems overdone.
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