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Fly News Breaks for September 24, 2018
FL
Sep 24, 2018 | 07:59 EDT
Canaccord analyst Camilo Lyon met with Foot Locker's CFO and said management underscored the belief that fundamentals are turning up. The analyst said themes coming out of the meeting were that the product headwinds that have saddled the company in the past 4-6 quarters has abated, the promotions to move product have subsided. and new innovations have materially improved. Lyon reiterated his Buy rating and $63 price target on Foot Locker shares.
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