Wall Street rally fizzles out as oil, materials fall

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Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning

March 23, 2016 8:52 AM EDT

Canaccord Genuity trims its price target on Hold-rated Nike (NYSE: NKE) from $66 to $57 following Q3 results issued Tuesday night.

Analyst Camilio Lyon commented, Given the revenue miss coupled with futures orders (+12%, in line with our ests) that are becoming less of a predictor of reported sales, we believe the stock will be subject to multiple compression. Moreover, inventory... More

Jefferies Remains Bullish on Nike (NKE) Following 3Q EPS Beat - PT to $74

March 23, 2016 8:09 AM EDT

Jefferies maintained a Buy rating on Nike (NYSE: NKE), and cut the price target to $74.00 (from $76.00), following the company's 3Q earnings report. Even with sales growth weighed on by FX pressures, Nike's 3Q EPS beat consensus expectations by 7c. Management maintained FY16 guidance parameters... More

Sterne Agee CRT Reiterates Buy on Nike (NKE) as Low Tax Rates Boost EPS

March 23, 2016 7:33 AM EDT

Sterne Agee CRT reiterated a Buy rating and $75.00 price target on Nike (NYSE: NKE) following the company's 3Q earnings report. 3Q16 EPS was $0.55 versus the consensus estimate of $0.48. Roughly $0.04 of the beat was due to the lower tax rate as the result of... More