Foot Locker price target raised to $26 from $17 at Barclays

Barclays raised the firm’s price target on Foot Locker to $26 from $17 and keeps an Equal Weight rating on the shares. The company’s Q3 results were better than expected despite softer consumer trends and an uncertain macro backdrop, increased promotions, and elevated shrink levels, the analyst tells investors in research note. The firm says the full-year outlook was mostly narrowed with an improved comp growth outlook for Q4.