Foot Locker price target lowered to $24 from $29 at Barclays

Barclays lowered the firm’s price target on Foot Locker (FL) to $24 from $29 and keeps an Overweight rating on the shares. The company’s Q4 results beat on comps, gross margin, operating margin, and earnings per share, though the high-end of FY25 guidance came in roughly 13% below consensus at the midpoint, the analyst tells investors in a research note. The firm added that it remains Overweight-rated as Foot Locker continues to execute on its Lace Up Plan and as controllable initiatives drive margin expansion.

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