Nike’s Q3 results could weigh on Foot Locker near-term, says Jefferies

Nike’s (NKE) Q3 results were somewhat amended than expectations but 9% little twelvemonth implicit year, and portion the institution is returning to its roots, the roadworthy to betterment won’t beryllium immediate, which could proceed to measurement connected near-term show astatine Foot Locker (FL), Jefferies expert Corey Tarlowe tells investors successful a probe note. Jefferies believes the concern betwixt Nike and Foot Locker with the “Home Court” and “The Clinic” experiences are encouraging, but sees important headwinds ahead. Jefferies has a Hold standing and $19 terms people connected Foot Locker shares.

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