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Sterne Agee CRT Reiterates Buy on Foot Locker (FL); Says Sell-Off is Unwarranted

October 26, 2015 2:00 PM EDT

Sterne Agee CRT reiterated a Buy rating and $85.00 price target on Foot Locker (NYSE: FL) following an 8% drop in the market on Friday. Analyst Sam Poser believes that the sell off is unwarranted. Industry checks indicate that in malls where a Nike (NYSE: NKE) store opens,... More