Canaccord reiterates a Buy on Foot Locker (FL +1.4%) ahead of its March 1 FQ4 report, citing...

|About: Foot Locker, Inc. (FL)|By:, SA News Editor

Canaccord reiterates a Buy on Foot Locker (FL +1.4%) ahead of its March 1 FQ4 report, citing positive checks, bullish comments from rival Finish Line (FINL), and a "consistent basketball release schedule" from Nike (NKE). The firm is lifting its same-store sales forecast, and also believes Foot Locker has the potential to improve its gross margin for apparel sales.