Foot Locker price target raised to $43 from $39 at TD Cowen

TD Cowen analyst John Kernan raised the firm’s price target on Foot Locker to $43 from $39 and keeps a Market Perform rating on the shares. The analyst said management presented itsnew strategic vision and said he was impressed by their vision and strategic pivots. The 2023 guidance bar is set very low but long-term growth returns and risk are uncertain.