Susquehanna Starts Nike (NKE) at Positive

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Go back to Susquehanna Starts Nike (NKE) at Positive

Canaccord Gets Cautious on Nike (NKE); Lowers PT to $51

October 13, 2016 9:38 AM EDT

Canaccord Genuity is lowering its price target on Hold-rated Nike (NYSE: NKE) from $52 to $51 today, noting the emergence of cautionary signs.

Analyst Camilo Lyon commented, Over the past couple of days there have been a few NKE data points that incrementally cause us concern about the company's foreseeable three- to four-quarter sales trajectory, both from company filings and supplier results. In short, rising global inventories, slowing NA demand, and weakening... More