Citi Investment Research is out with a research report on Foot Locker Inc FL and is reiterating its Buy rating $29 price target on shares.
In a note to clients, Citi Investment Research writes, "We believe FL's impressive 2Q bodes well for 2H as Holiday is likely to continue given current Back-to-School progress. Guidance could be conservative as: (1) higher comps will yield occupancy leverage & (2) inventory flow programs/apparel progress yield merch margin upside."
Shares of FL are up 45 cents to $18.01 today.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsApparel RetailCiti Investment ResearchConsumer Discretionary
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