Reported 4 days ago
Jefferies analyst Corey Tarlowe notes that while Nike's Q3 results slightly exceeded expectations, showing a 9% drop year-over-year, it may negatively affect Foot Locker's short-term performance. Although the collaboration between Nike and Foot Locker on new experiences is promising, Jefferies foresees substantial challenges ahead, maintaining a Hold rating with a $19 price target for Foot Locker shares.
Source: YAHOO