Foot Locker price target raised to $20 from $18 at Citi

Citi raised the firm’s price target on Foot Locker to $20 from $18 and keeps a Sell rating on the shares. The company’s Q3 results were weak but better than feared, the analyst tells investors in a research note. While trends improved in October, management said they became more promotional as the quarter progressed, the analyst tells investors in a research note. The firm says clear risks to Foot Locker’s turnaround story remains.