Foot Locker price target lowered to $31 from $34 at Deutsche Bank

Deutsche Bank analyst Gabriella Carbone lowered the firm’s price target on Foot Locker to $31 from $34 and keeps a Hold rating on the shares ahead of the Q3 results. The analyst believes investor sentiment generally leans negative on the apparel retail group until there is better visibility around inventory and consumer demand heading into fiscal 2023.