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Wells Fargo Upgrades Foot Locker On Nike Developments, Projects Comp Acceleration
Monday, September 10, 2018 - 9:26am | 425Read More...After Nike, Inc. (NYSE: NKE)’s launch of new advertising and an improved brand assortment, Wells Fargo is turning bullish on partner Foot Locker, Inc. (NYSE: FL) The Analyst Wells Fargo's Tom Nikic upgraded Foot Locker from Market Perform to Outperform and raised the price...
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Foot Locker's Poor Q4 Report Impacts Nike, Under Armour Stock
Friday, March 2, 2018 - 9:54am | 494Read More...Shares of Foot Locker, Inc. (NYSE: FL) lost more than 7 percent early Friday morning after the retailer of shoes and apparel reported mixed fourth-quarter results. What Happened Foot Locker reported that it earned $1.26 per share in Q4 on revenue of $2.21 billion versus expectations of $1.25 per...
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Jefferies Explains Cautious Nike Thesis
Monday, August 28, 2017 - 7:13am | 336Read More...Analysts at Jefferies downgraded their rating on Nike Inc (NYSE: NKE) from Buy to Hold on Aug. 21 under the assumption that the competitive landscape in the athletic footwear business will make incremental share gains and margin expansion "elusive." On Aug. 25, the analyst double-...
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Under Armour Downgraded As Nike Price Wars Intensify
Monday, April 3, 2017 - 12:10pm | 396Read More...FBR & Co. analyst Susan Anderson downgraded shares of Under Armour Inc (NYSE: UAA) from Market Perform to Underperform with a price target slashed from $20 to $14. Anderson's downgrade follows recent checks, proprietary surveys and current trends that all point to continued sales and margin...
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Finish Line's Stock Price Running Beyond Barclays' Target
Monday, September 26, 2016 - 12:01pm | 323Read More...Barclays remains on the sidelines on Finish Line Inc (NASDAQ: FINL), despite the company reporting better-than-expected quarterly EPS and improved comps. The brokerage reiterated its Equal-Weight rating on the stock and $18 price target on stretched valuation. Shares of Finish Line are trading...
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Piper Jaffray Downgrades Nike As Adidas And Others Have Hurt Its Growth
Thursday, September 8, 2016 - 10:40am | 370Read More...Nike Inc (NYSE: NKE) was downgraded to Neutral from Overweight (with a $58 price target) by analysts at Piper Jaffray. According to Piper Jaffray's Erinn Murphy, a downgrade justified following an on the ground fact finding mission across Europe, including meeting with Foot Locker,...
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FBR Sees Domestic Strength, Solid International Trajectory Increasing Growth Visibility At Under Armour
Wednesday, April 8, 2015 - 2:11pm | 265Read More...In a report published Wednesday, FBR & Co. analyst Susan Anderson suggested that Under Armour Inc (NYSE: UA) could see its revenue jump to $8.9 billion in 2018 and climb to "well over" $10 billion the following year. According to Anderson, Under Armour could reach 20 percent international...
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Morgan Stanley Answers Which Apparel, Footwear Companies Will Benefit From Lower Gas Prices
Friday, December 26, 2014 - 9:34am | 268Read More...A team of analysts at Morgan Stanley concluded that lower gas prices help apparel, footwear and textile companies that typically serve lower-income consumers. In a research report published this week, the analysts state that higher-income consumers spend a small percentage of total income on...
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Wedbush: Foot Locker Benefited From 'Strong Shoe Release' Lineup In December
Monday, December 22, 2014 - 11:12am | 161Read More...According to Morry Brown of Wedbush, Foot Locker, Inc. (NYSE: FL) has seen elevated traffic levels in December following new shoe releases. “Recent interviews with managers at core Foot Locker stores indicate holiday sales in December were off to a strong start aided by a string of strong new...
