Foot Locker price target lowered to $25 from $32 at Baird

Baird lowered the firm’s price target on Foot Locker to $25 from $32 and keeps a Neutral rating on the shares. The firm designated Foot Locker as a bearish Fresh Pick as they are staying cautious heading into Q2 earnings amid some signs consumer spending stabilized cycling peak gas prices. In the firm’s view more difficult upcoming comparisons in late July and August, U.S. wholesale challenges, and softening economic indicators still pose elevated risks to earnings.