Piper Jaffray Downgrades Foot Locker To Neutral, Shares Drop

Analysts at Piper Jaffray downgraded Foot Locker

from Overweight to Neutral. The target price for Foot Locker has been raised from $54 to $57. Foot Locker shares have surged 63.90% over the past 52 weeks, while the S&P 500 index has gained 20.02% in the same period. Foot Locker's shares fell 0.59% to $53.80 in pre-market trading.