Barclays Maintains an 'Overweight' on Nike (NKE); Q4 Preview

Barclays maintains an 'Overweight' on Nike (NYSE: NKE) price target of $125.00.

Analyst, Robert S. Drbul, said, "We continue to view this summer's significant athletic events and upcoming product launches as major catalysts for the stock, and believe the recent pull back represents a buying opportunity."

"We remain comfortable with our EPS estimate of $1.39, which is $0.02 above consensus. We expect Nike to deliver continued double-digit revenue growth, as implied by the impressive futures increase of +15.0% reported in 3Q12 (+18.0 constant dollars)."

NOTE - Nike reports Q4 earnings on June 28, after the close.

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 $98.66 yesterday.

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