Foot Locker price target lowered to $30 from $35 at Guggenheim

Guggenheim lowered the firm’s price target on Foot Locker to $30 from $35 and keeps a Buy rating on the shares. While the firm expects a longer timeline of traction on the company’s Lace Up Plan initiatives, it believes that recent data supports early signs of progress and continues to believe in the transformational initiatives CEO Mary Dillon put in place can “provide the groundwork for sustainable growth in the coming years.”