Baird lowered the firm’s price target on Foot Locker (FL) to $24 from $27 and keeps a Neutral rating on the shares. The firm said the company’s FQ3 EPS missed by $0.08 with comps better-than-feared relative to several indicators, but gross margin weaker. As a result, Baird lowered its estimates and maintained its rating as they see balanced risk/reward.
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