Nike orders miss estimates as competition heats up
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September 28, 2016 9:05 AM EDT
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
September 28, 2016 8:10 AM EDT
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
September 28, 2016 7:30 AM EDT
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
