UPDATE: UBS Downgrades Foot Locker (FL) to Neutral

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Go back to UPDATE: UBS Downgrades Foot Locker (FL) to Neutral

Foot Locker (FL) PT Lowered to $40 at FBR Capital on 2Q Miss; 'Weakness to Continue in 2H... Higher Markdowns Hurt Margins'

August 21, 2017 12:24 PM EDT

FBR Capital lowered its price target on Foot Locker (NYSE: FL) to $40.00 (from $58.00) while maintaining a Neutral rating, following the company's second quarter earnings report.

Analyst Susan Anderson notes the company delivered second quarter earnings per share and revenues well below consensus projections... More