Telsey Advisory raised the firm’s price target on Foot Locker (FL) to $24 from $20 and keeps a Market Perform rating on the shares. The firm is increasing its price target on the stock following the announcement the company will be acquired by Dick’s Sporting Goods (DKS), the analyst tells investors. Telsey notes the acquisition comes at an opportune time for Foot Locker, which reported preliminary Q1 results that were softer than expected.
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