JPMorgan downgrades Foot Locker to underweight, says stock is likely to retreat

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Jesse Pound@/in/jesse-pound@jesserpound
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Foot Locker Inc. signage is displayed in the window of a store in New York, U.S.
Michael Nagle | Bloomberg | Getty Images

Investors should look for options besides Foot Locker to find growth in the retail space, according to JP Morgan.