Jefferies reiterates 'buy' rating on Nike (NKE) into EPS

Jefferies analyst Randal Konik reiterated a Buy rating and $115.00 price target on Nike (NYSE: NKE) ahead of earnings on Tuesday.

The analyst commented, "NKE reports earnings next Tuesday (12/20). Despite a slowing consumer, FX headwinds, an elevated promotional environment, and ongoing softness in China, we believe current estimates are achievable and that most of these factors are already incorporated into expectations. That said, we continue to favor NKE long-term given its strong brand positioning and international growth opportunity."

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 $105.95 yesterday.

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