Foot Locker price target lowered to $26 from $28 at Telsey Advisory

Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on Foot Locker to $26 from $28 and keeps a Market Perform rating on the shares. Ahead of the company’s Q1 report, the firm is looking for more details to the company’s financial path going forward, the analyst tells investors. Foot Locker has some company-specific factors that are pressuring profitability this year and the firm believes there is limited upside in the near-term.