NIKE’s Manufacturing Revolution Accelerated by New Partnership with Flex
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Piper Jaffray Raises Price Target on Nike (NKE) Following Investor Day
October 15, 2015 8:03 AM EDTPiper Jaffray reiterated an Overweight rating on Nike (NYSE: NKE), and raised the price target to $140.00 (from $130.00), following investor day. Nike is targeting $50B in sales by 2020, driven by HSD growth in North America and Western Europe, LDD in Emerging Markets and mid- to high-teens growth in Greater China.... More
FBR Capital Raises Price Target on Nike (NKE) Following Investor Day
October 15, 2015 6:56 AM EDTFBR Capital reiterated a Market Perform rating on Nike (NYSE: NKE), and raised the price target to $126.00 (from $120.00), following the company's investor day. NKE continues to uncover opportunities to drive innovation via its category offense and improved segmentation.
Analyst Susan Anderson commented, "We attended NKE's investor day at its HQ... More
Cowen Raises Price target on Nike (NKE) Following Analyst Day
October 15, 2015 6:37 AM EDTCowen reiterated an Outperform rating on Nike (NYSE: NKE), and raised the price target to $145.00 (from $140.00), following an analyst day. Management outlined several initiatives to support accelerated growth for the Nike brand, setting a new revenue goal of $50B through FY20 and mid-teens EPS growth.... More
Nike (NKE), Flex (FLEX) Enter Footwear Technology Partnership
October 14, 2015 4:43 PM EDTNIKE, Inc. (NYSE: NKE) announced a partnership with Flex (Nasdaq: FLEX), a world-class global manufacturer, to accelerate NIKEs vision to bring advanced innovation to its manufacturing supply chain. Working together, NIKE and Flex will deliver footwear innovation that enables product to reach consumers more quickly, with customized solutions and increased performance innovation.
NIKE has been actively developing new technologies to enhance its manufacturing business model for the past few years with investments in automation,... More
