UPDATE - Canaccord Genuity Initiates Coverage on Nike (NKE) with a Hold; Fueling the Growth but Margin Pressures Persist
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Price: $64.45 --0%
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Rating Summary:
14 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 15 | New: 29
Trade NKE Now!
UPDATE - Canaccord Genuity initiates coverage on Nike (NYSE: NKE) with a Hold. PT $96.
Canaccord analyst, Camilo Lyon, said, " Unquestionably, NKE is a leader in
innovation; however, gross margin pressures are crimping EBIT margin expansion. As such, we believe the shares will likely remain range bound until comfort can be had that the supply chain headwinds have diminished...We do not expect to see material improvement in gross margin trends until FQ4/12 at the earliest with 2013 likely being the year in which gross margin is recouped."
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Canaccord analyst, Camilo Lyon, said, " Unquestionably, NKE is a leader in
innovation; however, gross margin pressures are crimping EBIT margin expansion. As such, we believe the shares will likely remain range bound until comfort can be had that the supply chain headwinds have diminished...We do not expect to see material improvement in gross margin trends until FQ4/12 at the earliest with 2013 likely being the year in which gross margin is recouped."
To see more ratings changes on NKE, Click Here
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