Barclays Maintains an 'Overweight' on Nike (NKE); Poised for Another Gold
Tweet Send to a FriendGet Alerts NKE Hot Sheet
Price: $65.23 -0.15%
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade NKE Now!
Barclays maintains an 'Overweight' on Nike (NYSE: NKE) price target raised from $100 to $125.
Barclays analyst says, "The Summer Olympics have historically been a strong driver to the Athletic Footwear & Apparel industry, notably Nike. Specifically, Nike stock has had an impressive relative performance to the S&P in each of the last five Summer Olympic years (24.5% on average). Looking to London next year, we expect 2012 to be a similar outcome. The Olympics are expected to boost sales for the company in 2012, as we expect increased consumer demand for apparel and footwear similar to that worn by Nike-sponsored athletes."
For more ratings news on Nike click here and for the rating history of Nike click here.
Shares of Nike closed at $94.94 yesterday, with a 52 week range of $69.43-$97.68.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Barclays analyst says, "The Summer Olympics have historically been a strong driver to the Athletic Footwear & Apparel industry, notably Nike. Specifically, Nike stock has had an impressive relative performance to the S&P in each of the last five Summer Olympic years (24.5% on average). Looking to London next year, we expect 2012 to be a similar outcome. The Olympics are expected to boost sales for the company in 2012, as we expect increased consumer demand for apparel and footwear similar to that worn by Nike-sponsored athletes."
For more ratings news on Nike click here and for the rating history of Nike click here.
Shares of Nike closed at $94.94 yesterday, with a 52 week range of $69.43-$97.68.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- Deutsche Bank Starts Taylor Morrison Home (TMHC) at Hold, Says 'Risks Downplayed'
- Goldman Sachs Maintains Sell on Microsoft (MSFT)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
