NIKE, Inc. Reports Fiscal 2017 First Quarter Results

UBS Cuts Price Target on Nike (NKE) to $67 Following 1Q Report

UBS maintained a Buy rating on Nike (NYSE: NKE), and cut the price target to $67.00 (from $70.00), following the company's 1Q earnings report. NKE reported EPS of $0.73, coming in ahead of the Street's $0.56. EPS was driven by a one-time tax break. Management maintained FY17 guidance for +HSD/+LDD revenue... More

FBR Capital Cuts Price Target on Nike (NKE) Following 1Q Report

FBR Capital maintained a Market Perform rating on Nike (NYSE: NKE), and cut the price target to $55.00 (from $63.00), following the company's 1Q earnings report. NKE reported EPS of $0.73, ahead of the consensus estimate of $0.58. Results were driven by a one-time tax benefit. GM was below expectations, driven by FX headwinds, an expense shift, the impact of exiting the Golf equipment business,... More

Jefferies Reiterates Buy on Nike (NKE) Following Earnings Report

Jefferies reiterated a Buy rating and $65.00 price target on Nike (NYSE: NKE) following the company's 1Q earnings report. Generally, the athletic footwear market is strong, but Adidas is on the rise. In basketball footwear, the market remains Nike dominant.

Analyst Randal Konik... More

UPDATE: Brean Capital Downgrades Nike (NKE) to Hold

(Updated - September 28, 2016 9:45 AM EDT)

Brean Capital downgraded Nike (NYSE: NKE) from Buy to Hold and removed its price target (prior $62.00). The downgrade followed the release of Q1 results. Analyst Eric Tracy pointed out the company's "innovation reset" in North America.

Tracy explained, "We are lowering our rating from Buy to Hold following... More

Nomura Maintains Buy on Nike (NKE) Despite Disappointing Future Orders; PT to $60

Nomura Securities analyst Simeon Siegel lowered his price target on Nike (NYSE: NKE) to $60.00 (from $64.00) but maintained a Buy rating following a Q1 beat but future orders that were below expectations.

Siegel commented, "American business, 1Q posted a sales/EPS beat with a... More