Sterne Agee raises its profit estimates for Foot Locker (FL +1.6%) with innovation trends in the...

|About: Foot Locker, Inc. (FL)|By:, SA News Editor

Sterne Agee raises its profit estimates for Foot Locker (FL +1.6%) with innovation trends in the industry breaking positive. Channel checks by the firm tip off double-digit growth in Nike, Jordan, and Adidas lines during August and September - helping to offset weak Reebok sales. As a result of the positive vibe, the estimate for FY13 EPS from Sterne Agee is taken up to $2.72 from $2.69.