Nike posts slowest quarterly sales growth in nearly 7 years

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Nike (NKE) PT Raised to $62 at Nomura/Instinet on 1Q Report; 'S-T Pressures are Clear, L-T Advantages Remain'

September 27, 2017 9:06 AM EDT

Nomura/Instinet raised its price target on Nike (NYSE: NKE) to $62.00 (from $59.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Simeon Siegel notes the company delivered first quarter earnings per share results above consensus projections, while revenues... More