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FL

Foot Locker

$38.46

-0.865 (-2.20%)

, NKE

Nike

$101.47

-0.06 (-0.06%)

06:45
01/10/20
01/10
06:45
01/10/20
06:45

Susquehanna downgrades Foot Locker after holiday checks fall short

Susquehanna analyst Sam Poser downgraded Foot Locker (FL) to Neutral from Positive with a price target of $41, down from $47. Channel checks indicate that holiday launches from Nike (NKE), Adidas (ADDYY), and others were not enough to overcome last year's difficult comparisons, Poser tells investors in a research note. The analyst believes Foot Locker will miss its relatively flat Q4 same-store-sales guidance, but achieve the low end of its low-single-digit fiscal 2019 guidance. Further, any fiscal 2020 guidance in-line or higher than current consensus estimates "will most likely prove too aggressive," contends the analyst. Poser says that despite a "compelling" valuation, less effective engagement and communication is driving lackluster results at Foot Locker. Execution and communication issues may prevent the company from achieving its five-year plan, the analyst contends.

FL

Foot Locker

$38.46

-0.865 (-2.20%)

NKE

Nike

$101.47

-0.06 (-0.06%)

ADDYY

Adidas

$0.00

(0.00%)

  • 28

    Feb

FL Foot Locker
$38.46

-0.865 (-2.20%)

01/03/20
ARGS
01/03/20
NO CHANGE
ARGS
Hold
Near-term sales growth at Foot Locker challenging, says Argus
Argus analyst John Staszak keeps his Hold rating on Foot Locker, stating that while the stock has underperformed the market and the industry over recent periods, its near-term sales growth looks "challenging". The analyst points to the company's Q3 revenue miss reported in November and a cut in the management's comps forecast for FY20 to low-single-digit from mid-single digit growth. Staszak adds that Foot Locker will have to allocate more investment to digital advertising which, combined with higher freight and labor costs, should weigh on margins. The analyst states that he would consider an upgrade if shares fall to the $35 support level.
11/12/19
LEHM
11/12/19
INITIATION
Target $48
LEHM
Equal Weight
Foot Locker initiated with an Equal Weight at Barclays
Barclays analyst Adrienne Yih initiated coverage of Foot Locker with an Equal Weight rating and $48 price target. The analyst is citing the company's high China exposure and decelerating comps, along with the continued headwinds of transition from brick-and-mortar to e-commerce, even though she likes its strong inventory discipline and low valuation.
12/23/19
STPT
12/23/19
UPGRADE
STPT
Buy
Foot Locker upgraded to Buy from Hold at Standpoint Research
Standpoint Research analyst Ronnie Moas upgraded Foot Locker to Buy from Hold.
01/10/20
SUSQ
01/10/20
DOWNGRADE
SUSQ
Neutral
Foot Locker downgraded to Neutral from Positive at Susquehanna
Susquehanna analyst Sam Poser downgraded Foot Locker to Neutral from Positive.
NKE Nike
$101.47

-0.06 (-0.06%)

12/24/19
ARGS
12/24/19
NO CHANGE
Target $115
ARGS
Buy
Nike price target raised to $115 from $105 at Argus
Argus analyst John Staszak raised his price target on Nike to $115 and kept his Buy rating after its Q2 earnings beat, noting that the company's strong brand and product pipeline have allowed it to raise prices and increase sales of both apparel and footwear. The analyst adds that the company's bargaining power as a supplier has been bolstered by some retailers looking to boost their sales by offering Nike products to increase customer traffic. Staszak further states that the "generally solid" U.S. economic conditions and the continued strong sales in China warrant Nike shares trading near the top of its 5-year historical valuation range of 15- to 35-times forward earnings.
01/06/20
PIVT
01/06/20
NO CHANGE
Target $49
PIVT
Buy
Pivotal names Crocs, Deckers Brands, Nike to picks for 2020
Pivotal Research analyst Mitch Kummetz named Crocs (CROX), Deckers Brands (DECK) and Nike (NKE) his top picks for 2020. The analyst believes Crocs and Deckers are heading into 2020 with "strong spring backlogs" and that both should benefit from the sell-in of those backlogs in Q1. With regards to athletic footwear, the winners and losers will come down to market share, and current trends favor Nike, Kummetz tells investors in a research note. The analyst raised his price target for Buy-rated Crocs to $49 from $44, for Buy-rated Deckers to $205 from $193 and for Buy-rated Nike to $120 from $117.
12/27/19
12/27/19
NO CHANGE

Fly Intel: Top analyst actions
Catch up on today's top analyst actions with this list compiled by The Fly: 1. Kite Realty Group (KRG) upgraded to Neutral from Sell at Compass Point. 2. Darden (DRI) downgraded to Hold from Buy at Argus with analyst John Staszak saying he is concerned with the company's softer customer traffic, weaker comp sales, and increased wage and commodity cost pressures weighing on its earnings in the near term. 3. Weingarten Realty (WRI) downgraded to Neutral from Buy at Compass Point. 4. Nike (NKE) initiated with an Overweight at Consumer Edge while Under Armour (UAA, UA) and Dick's Sporting (DKS) were initiated with an Equal Weight. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/27/19
CEDG
12/27/19
INITIATION
Target $110
CEDG
Overweight
Nike initiated with an Overweight at Consumer Edge
Consumer Edge initiated coverage of Nike with an Overweight rating and $110 price target.
ADDYY Adidas
$0.00

(0.00%)

12/02/19
JEFF
12/02/19
INITIATION
Target $292
JEFF
Hold
Jefferies initiates European sporting brands, starts Adidas at Hold, Puma at Buy
Jefferies analyst James Grzinic initiated coverage of European sporting brands, starting Adidas (ADDYY) with a Hold rating and EUR 292 price target and Puma (PUMSY) with a Buy rating and EUR 83 price target. Grzinic calls Puma the "best Western play into China," stating that he is impressed by its Chinese ambitions, and while it is too early to fully assume a successful U.S. basketball relaunch, his estimates are 11% above FY21 consensus due to his more bullish view on China. On Adidas, he assumes "brand heat" will remain strong in the U.S. in 2020, but is "more circumspect" on Chinese mid-term prospects, Grzinic tells investors.
12/02/19
JEFF
12/02/19
INITIATION
Target $292
JEFF
Hold
Adidas initiated with a Hold at Jefferies
Jefferies initiated coverage of Adidas with a Hold rating and EUR 292 price target.
11/25/19
BOFA
11/25/19
UPGRADE
Target $55
BOFA
Buy
Dick's Sporting upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Robert Ohmes upgraded Dick's Sporting (DKS) to Buy from Neutral with a $55 price target ahead of its Q3 results tomorrow, saying that at 11-times his expected FY21 earnings and given his upside same-store sales bias, the valuation on the stock is "compelling". The analyst believes that the company's digital and same-store sales momentum could accelerate further based on the success of its premium footwear selections as it receives "better lifestyle product assortment from Nike (NKE) and adidas (ADDYY), also noting that its apparel continues to be a strong category.
11/18/19
SOCG
11/18/19
UPGRADE
SOCG
Buy
Adidas upgraded to Buy from Hold at Societe Generale
Societe Generale analyst Antoine Riou upgraded Adidas to Buy from Hold with a price target of 320 euros, up from 287 euros. The analyst sees an "attractive buying opportunity" with 2020 consensus estimates too low and the stock's 30% valuation discount to the sector.

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Ameresco

$19.78

-0.1 (-0.50%)

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HRB

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MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

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FB

Facebook

$222.01

0.23 (0.10%)

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:43
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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

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S&P 500

$0.00

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

(0.00%)

16:28
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Periodicals
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JPM

JPMorgan

$138.15

0.89 (0.65%)

BNPQY

BNP Paribas

$0.00

(0.00%)

03/08/13
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  • 05

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

16:25
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  • 26

    Feb

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    Apr

CEL

Cellcom Israel

$3.18

(0.00%)

16:16
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Cellcom Israel announces CTO resignation »

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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

16:12
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  • 13

    Jul

SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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SO

Southern Company

$67.25

1.08 (1.63%)

XEL

Xcel Energy

$65.38

0.34 (0.52%)

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

(0.00%)

09:10
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$11.72

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DNK

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$13.50

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VEL

Velocity Financial

$13.58

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IMAB

I-MAB

$12.90

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BSBK

Bogota Financial

$11.70

0.195 (1.70%)

CSPR

Casper Sleep

$0.00

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

15:53
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  • 24

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AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

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  • 24

    Jan

DVA

DaVita

$79.45

0.43 (0.54%)

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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

Apollo Global

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1.26 (2.57%)

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$31.20

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Ares Management

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BX

Blackstone

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CG

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HLNE

Hamilton Lane

$67.25

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$15.65

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  • 25

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, NFLX

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0.89 (0.26%)

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$1,480.28

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$339.56

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CMCSK

Comcast

$0.00

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$47.48

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$1,479.12

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JWN

Nordstrom

$40.34

-0.15 (-0.37%)

, WMT

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$114.93

-0.96 (-0.83%)

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$40.34

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$114.93

-0.96 (-0.83%)

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Casper Sleep

$0.00

(0.00%)

03/08/13
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