Foot Locker (FL) Selloff Overdone- Jefferies
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Brean Capital Cuts Price Target on Foot Locker (FL) as Shares Trade Down Following 1Q Results
May 23, 2016 11:14 AM EDTBrean Capital maintained a Buy rating on Foot Locker (NYSE: FL), and cut the price target to $66.00 (from $78.00), following the company's 1Q earnings report. Shares traded down more than -6% Friday, as FL's reported comps of +2.9% came in below the consensus expectations of +4.1%. FL reported EPS of $1.39, a penny above Brean Capital's $1.38,... More
