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Brean Capital Believes Visibility on Nike (NKE) Remains High; Raises Price Target to $147
December 24, 2015 6:42 AM ESTBrean Capital reiterated a Buy rating on Nike (NYSE: NKE), and raised the price target to $147.00 (from $144.00), following the company's 2Q earnings report. NKE reported decent 2Q upside, with EPS of $0.90 coming in above consensus estimates of $0.86. Revenue came below cons est... More
Piper Jaffray Remains Bullish on Nike (NKE) Following Solid 2Q
December 23, 2015 8:54 AM ESTPiper Jaffray reiterated an Overweight rating and $140.00 price target on Nike (NYSE: NKE) following the company's 2Q earnings report. EPS of $0.90 was above the Street at $0.86 estimate. Revenue increased +4.1%, while constant currency revenue growth was up 12%.
Analyst Erinn Murphy commented, "We are reiterating... More
Sterne Agee CRT Cut PT on Micron Technology (MU) to $19 Following 2Q Outlook
December 23, 2015 8:40 AM ESTSterne Agee CRT maintained a Buy rating on Micron Technology (NASDAQ: MU), and cut the price target to $19.00 (from $20.00), following the company's 2Q outlook. MU posted a disappointing outlook with guidance for revenue, GM and EPS well below the street's expectations. MU cited... More
Baird Cuts PT on Micron Technology (MU) to $13 Following Mixed 1Q
December 23, 2015 8:11 AM ESTBaird maintained a Neutral rating on Micron Technology (NASDAQ: MU), and cut the price target to $13.00 (from $15.00), following the company's 1Q16 earnings report. Micron reported EPS of $0.24, above $0.22 consensus. Revenue of $3,350 million, down 6.9% sequentially, was below the low end of guidance of $3,450-$3,700 million.
Analyst... More
Nike (NKE) Will Continue to Beat Guidance - Sterne Agee CRT
December 23, 2015 8:09 AM ESTSterne Agee CRT analyst, Sam Poser, believes that Nike Nike (NYSE: NKE) has multiple triggers to pull to make or beat its guidance, including the timing of its market expansion, SG&A spending, and share repurchases. Current guidance is base case scenario, and assumes a margin hit in 3Q, as Nike works through excess inventory in North America. Future orders are up 20% (FX-neutral)... More
