Barclays on Nike: Despite Challenges, NKE Remains On Track For $28-30 Billion in 2015
Tweet Send to a FriendGet Alerts NKE Hot Sheet
Price: $65.35 +0.05%
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 36 | New: 12
Trade NKE Now!
Barclays maintains an 'Overweight' on Nike (NYSE: NKE) price target of $115.00 (from $125.00).
Analyst, Robert S. Drbul, said, "Nike reported 4Q12 EPS of $1.17, $(0.22) below our estimate...While macro challenges remain, we continue to believe Nike has a robust and innovative product pipeline and remains on track to generate $28-30 billion in revenue by FY15 (after Cole Haan & Umbro divestiture).
Drbul cuts FY13 EPS estimate from $5.70 to $5.15. Initiates FY14 EPS at $5.90.
For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.
Shares of Nike closed at $96.89 yesterday, with a 52 week range of $76.98-$114.81.
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
Analyst, Robert S. Drbul, said, "Nike reported 4Q12 EPS of $1.17, $(0.22) below our estimate...While macro challenges remain, we continue to believe Nike has a robust and innovative product pipeline and remains on track to generate $28-30 billion in revenue by FY15 (after Cole Haan & Umbro divestiture).
Drbul cuts FY13 EPS estimate from $5.70 to $5.15. Initiates FY14 EPS at $5.90.
For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.
Shares of Nike closed at $96.89 yesterday, with a 52 week range of $76.98-$114.81.
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: Wedbush Downgrades XenoPort (XNPT) to Neutral
- Needham & Company Lifts Numbers on 3D Systems (DDD) on Offering, RDPG Deal
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated 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!
