Adidas makes deal with Kanye West; Nike rebounds after earnings; Toyota recalls 3.4 million vehicles

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Adidas (ADDYY) — The German athletic retailer has agreed on a new long-term partnership with Kanye West, calling it the most significant partnership ever created between an athletic brand and a non-athlete. The new partnership will include footwear, apparel and accessories.

Nike (NKE) — The athletic retailer posted diluted earnings per share of $0.49, a penny better than analyst estimates, but missed slightly on revenue, posting $8.24 billion. Jefferies reiterated a buy rating for the stock, but cut its price target from $67 to $65.

Toyota Motor (TM) — The automaker is recalling nearly 3.4 million vehicles worldwide due to airbag and emission control problems. No injuries have been linked to either issue.

Foot Locker (FL) — BB&T lowered its price target on Foot Locker to $70 from $80 following Nike’s earnings release. The firm cited post-Brexit concerns and macro headwinds as some of the reasons for its price target cut.

Noodles & Co. (NDLS) — The company has reported a possible data security incident, saying payment information of some of its customers may have been compromised. Noodles & Co. is working to determine what information was affected.