Wall Street rally fizzles out as oil, materials fall
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall Street futures fall as oil, Treasury yields rise on Iran tensions
- Oil prices fall after hitting over one-month high; traders weigh supply risks
- Dell again lifts annual forecasts as AI demand powers record results
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
- Berkshire’s Abel says data centers are energy opportunity
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- S&P Global shares rise on report of possible CapIQ spinoff
Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning
March 23, 2016 8:52 AM EDTCanaccord 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 EDTJefferies 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 EDTSterne 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
