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Fly News Breaks for May 17, 2019
FL
May 17, 2019 | 07:24 EDT
Barclays analyst Matthew McClintock says he's an "aggressive" buyer of Foot Locker shares into the company's Q1 results. While some comp expectations have declined over the last few months, the analyst is still expecting Foot Locker to comp in line with the company's long-term algorithm of positive mid-single-digits. He sees no reason why Foot Locker's comp store sales should have meaningfully decelerated from last quarter's near 10% comp. McClintock keeps an Overweight rating on the shares with an $85 price target.
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