Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning
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Nike (NKE) Finds Market Tough to Please With Shares Close to All Time Highs - Deutsche Bank
March 23, 2016 9:29 AM EDTDeutsche Bank reiterated a Buy rating on Nike (NYSE: NKE) with a price target of $75. Comments follow the release of Q3 results. Analyst Dave Weiner characterized the report as "very strong" but not perfect, and he pointed out that with shares trading close to all time highs, the market is tough to please.
"While Nike delivered on many fronts,... 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
Wall Street rally fizzles out as oil, materials fall
March 23, 2016 7:11 AM EDTBy Laila Kearney
(Reuters) - Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium.
The benchmark S&P 500 index fell back into negative territory for the year after closing positive on Friday for the first time in 2016.
U.S. stocks' fading five-week rally was further diminished by comments over the past two days by Federal Reserve officials, who expressed views that suggested an appetite for more U.S. interest rate hikes than investors had anticipated.
The possibility of... More
Nike (NKE) Tops Q3 EPS by 6c; Futures Orders Rose 17%
March 22, 2016 4:16 PM EDTNike (NYSE: NKE) reported Q3 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $8.03 billion versus the consensus estimate of $8.2 billion.
As of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel... More
