Oil's drop could leave a stain on earnings

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Nike (NKE) PT Lowered to $62 at UBS; 'More Cautious on Near-Term Outlook'

June 27, 2017 7:36 AM EDT

UBS lowered its price target on Nike (NYSE: NKE) to $62.00 (from $63.00) while maintaining a Buy rating, following an update on the company's outlook.

Analyst Michael Binetti notes the potential for larger rebasing results in a more cautious near-term outlook, with more aggressive... More