Argus analyst John Staszak keeps his Hold rating on Foot Locker, stating that while the stock has underperformed the market and the industry over recent periods, its near-term sales growth looks "challenging". The analyst points to the company's Q3 revenue miss reported in November and a cut in the management's comps forecast for FY20 to low-single-digit from mid-single digit growth. Staszak adds that Foot Locker will have to allocate more investment to digital advertising which, combined with higher freight and labor costs, should weigh on margins. The analyst states that he would consider an upgrade if shares fall to the $35 support level.