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Fly News Breaks for April 4, 2018
FL
Apr 4, 2018 | 07:40 EDT
Deutsche Bank analyst Paul Trussell says meetings with management reassured him that Foot Locker remains well positioned in the industry, has a "strong" product pipeline and consumer sentiment is positive around recent launches. The analyst sees upside potential in Q2 and Q3 driven by increases in product depth and less markdowns. He views the stock's valuation as compelling following the recent pullback and reiterates a Buy rating on Foot Locker with a $58 price target.
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