Information Provided By:
Fly News Breaks for August 18, 2017
ADDYY, NKE, FL
Aug 18, 2017 | 11:41 EDT
Piper Jaffray analyst Erinn Murphy lowered her price target for Foot Locker (FL) to $35 and reduced her estimates "materially" following the company's Q2 miss and guide down. Management referred to the rapidly changing landscape as some of the most significant shifts seen in history, Murphy points out in a research note. She sees the shift to more digital platforms as well as the brand leadership rotation from Nike (NKE) to adidas (ADDYY) as weighing on Foot Locker's traffic and margins. The analyst keeps a Neutral rating on the shares.
News For FL;NKE;ADDYY From the Last 2 Days
ADDYY
I agree to the thefly.com's disclaimer & terms of use
About Privacy Terms of Use

© 1996-2018 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.