UPDATE: Deutsche Bank Upgrades Nike (NKE) to Buy

Nike (NKE) PT Raised to $154 at Stifel

September 23, 2020 5:14 AM EDT

Stifel analyst Jim Duffy raised the price target on Nike (NYSE: NKE) to $154.00 (from $140.00) while maintaining a Buy rating.... More

Nike (NKE) PT Raised to $150 at Barclays

September 23, 2020 4:47 AM EDT

Barclays analyst Adrienne Yih raised the price target on Nike (NYSE: NKE) to $150.00 (from $132.00) while maintaining a Overweight rating.... More

Euro zone economic recovery in danger as services slide

September 23, 2020 4:02 AM EDT

By Jonathan Cable

LONDON (Reuters) - Euro zone business growth ground to a halt this month, throwing the economic recovery into question, as fresh restrictions to quell a resurgence in coronavirus infections slammed the services industry into reverse, a survey showed on Wednesday.

The renewed downturn in the dominant services sector, which is likely to be hit harder by new constraints on activity imposed across the 19-country euro zone, more than offset the strongest manufacturing growth in two years.

"Alarm bells should be going off about the pace of the recovery at the moment as... More

Travel rebound, Adidas support European stocks despite mixed data

September 23, 2020 3:26 AM EDT

By Sruthi Shankar

(Reuters) - European stocks rose on Wednesday, as a rebound in beaten-down travel stocks and gains for Adidas and other sports names took the edge off data that highlighted an uneven path for economic recovery in the euro zone.

With COVID-19 cases rising again in Europe, countries including Britain reimposed restrictions to limit the spread of the virus, triggering the worst selloff in three months for the pan-European STOXX 600 benchmark on Monday.

The index closed 0.6% higher, recovering for a second session from the losses, with London's FTSE 100 up 1.2%, Germany's DAX gaining 0.4% and... More

After-Hours Stock Movers 09/22: (NKE) (FL) (TSLA) Higher; (WVE) (SFIX) (ACB) Lower (more...)

September 22, 2020 5:57 PM EDT

After-Hours Stock Movers

Wave Life Sciences Ltd. (Nasdaq: WVE) 24.6% LOWER; commenced an underwritten public offering of its ordinary shares. In connection with the offering, Wave intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of ordinary shares sold in the public offering on the same terms and conditions. All of the shares in the offering will be sold by Wave Life Sciences.

Stitch Fix (NASDAQ: SFIX) 16.5% LOWER; reported Q4 EPS of ($0.44),... More

Foot Locker (FL), Dick's (DKS) Gains on Strong Nike Results

September 22, 2020 5:16 PM EDT

Foot Locker (NYSE: FL) gains 2.9% on Nike's (NYSE: NKE) blow-out quarter. Meanwhile, Dick's (NYSE: DKS) rose by 1.6%.

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Nike (NKE) Tops Q1 EPS by 49c, Revenue Beats

September 22, 2020 4:15 PM EDT

Nike (NYSE: NKE) reported Q1 EPS of $0.95, $0.49 better than the analyst estimate of $0.46. Revenue for the quarter came in at $10.6 billion versus the consensus estimate of $9.12 billion.

Inventory rose 15 percent versus prior year but decreased 9 percent versus prior quarter

For earnings history and earnings-related data on Nike (NKE) click here.

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Nike expected to return to profit as online sales, demand from China pick up

September 22, 2020 12:07 PM EDT

By Richa Naidu and Aishwarya Venugopal

CHICAGO (Reuters) - Strong online sales and demand from Chinese shoppers and students heading back to school are expected to have helped Nike (NYSE: NKE) swing back to a profit in the first quarter, a sequential improvement from the surprise loss it posted in July, according to Refinitiv.

Shares in Nike were up about 1.8% in afternoon trading, ahead of the company's earnings report after the market closes on Tuesday.

With malls and department stores like J.C. Penney (NYSE: JCP)... More

Nike (NKE) IV bid into quarter results and outlook

September 22, 2020 10:40 AM EDT

Nike (NYSE: NKE) September weekly call option implied volatility is at 77, October is at 42; compared to its 52-week range of 16 to 112 into the expected release of quarter results today after the bell. Call put ratio 1.8 calls to 1 put.

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Nike (NKE) PT Raised to $115 at Baird

September 22, 2020 8:38 AM EDT

Baird analyst Jonathan Komp raised the price target on Nike (NYSE: NKE) to $115.00 (from $95.00) while maintaining a Neutral rating.... More

Nike (NKE) PT Raised to $130 at BofA Securities Ahead of Earnings for 5 Reasons

September 22, 2020 7:51 AM EDT

BofA Securities analyst Robert Ohmes raised the price target on Nike (NYSE: NKE) to $130.00 (from $125.00) ahead of earnings on 9/22 AMC. EPS for F1Q rises to $0.45 from the prior $0.18 (consensus is $0.44) to reflect strong global digital growth and a quicker than expected recovery in U.S. wholesale. the PT increase... More

Options expected to have increasing volume: NKE AZO GIS ACN COST DRI

September 22, 2020 4:20 AM EDT

Options expected to have increasing volume: NKE AZO GIS ACN COST DRI

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Nike (NKE) calls more active than puts into quarter results and outlook

September 21, 2020 10:21 AM EDT

Nike (NYSE: NKE) September weekly call option implied volatility is at 75, October is at 42; compared to its 52-week range of 16 to 112 into the expected release of quarter results after the bell the bell on September 22. Call put ratio 2.1 calls to 1 put.

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Options expected to have increasing volume: AZO NKE GIS ACN COST DRI

September 21, 2020 1:49 AM EDT

Options expected to have increasing volume: AZO NKE GIS ACN COST DRI

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