Foot Locker price target raised to $38 from $34 at Evercore ISI

Evercore ISI raised the firm’s price target on Foot Locker to $38 from $34 and keeps an Outperform rating on the shares. Expectations have been rising and the firm “only” models Q2 slightly ahead of consensus, but it maintains its “above Street” FY24 EPS forecast of $1.75, versus the Street at $1.55, while further raising its FY25 EPS view to $2.50 from $2.40, noting in its preview that the Street is at $2.16.