Covid Could Keep Hurting Foot Locker

Barron's

Foot Locker shares were lower on Monday, as investors continued to digest the sneaker seller’s third-quarter results, and a downgrade for the stock.

Likewise, Telsey Advisory Group’s Joseph Feldman kept a Market Perform rating on the shares while adding $5 to his price target, to $45. He too was heartened to see consumer demand for its products, but is also worried about additional closures at such a crucial time of year.

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