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Stock impact report

Needham starts Skechers coverage at Hold, Foot Locker at Buy [Yahoo! Finance]

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The firm forecasts Skechers' earnings per share to be 4.63, below market consensus. In contrast, Needham has started coverage of Foot Locker with a Buy rating, viewing it as an attractive earnings-recovery story for 2025, driven by its renewed relationship with Nike, momentum in non-Nike brands, and expected margin expansion. Investing.com -- Needham&Co. began coverage of Foot Locker (NYSE:FL) and Skechers USA Inc (NYSE:SKX) stocks on Friday, assigning them Buy and Hold ratings, respectively. For Skechers, the investment firm notes that the footwear maker is facing near-term industry challenges, particularly in the China market, which has been volatile with a significant growth deceleration. After seeing its growth peak during the fourth quarter, Skechers experienced three consecutive quarters of declining quarter-over-quarter growth, including a 6% drop in the most recent quarter. “It appears to be more of a macro issue than a Skechers-specific one, but regardless, SKX has th Show less Read more
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