Nike-Amazon deal may hurt sporting goods retailers: analysts

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Go back to Nike-Amazon deal may hurt sporting goods retailers: analysts

Nike (NKE) PT Lowered to $69 at DA Davidson Following 4Q Beat; 'FY18 Guidance Calls for Continued Growth Despite Formidable $700M FX Headwind

July 3, 2017 8:55 AM EDT

DA Davidson lowered its price target on Nike (NYSE: NKE) to $69.00 (from $70.00) while maintaining a Buy rating, following the company's fourth quarter earnings announcement.

Analyst Andrew Burns notes the company delivered fourth quarter earnings per share and revenues above consensus estimates, while management... More