Foot Locker price target raised to $12 from $11 at UBS

UBS analyst Jay Sole raised the firm’s price target on Foot Locker (FL) to $12 from $11 and keeps a Sell rating on the shares following the Q3 earnings report. The firm expects downward EPS revisions to drive Foot Locker’s stock price lower, the analyst tells investors in a research note. Foot Locker needs to improve its relationship with Nike (NKE), but the Q3 report did not give UBS an indication this is happening, the firm contends.