BWG Global downgraded its view of Foot Locker (FL) to Mixed from Positive, citing checks that indicate same-store sales met plan for most manager contacts in Q1, but were reliant on promos to hurt year-over-year ticket average trends.
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Read More on FL:
- Foot Locker price target lowered to $14 from $16 at Morgan Stanley
- Foot Locker price target lowered to $11 from $18 at Williams Trading
- Foot Locker price target lowered to $16 from $19 at JPMorgan
- Foot Locker price target lowered to $12 from $19 at Piper Sandler
- Foot Locker put volume heavy and directionally bearish