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Fly News Breaks for March 22, 2017
ADDYY, NKE
Mar 22, 2017 | 06:48 EDT
Jefferies analyst Randal Konik believes Nike's (NKE) Q3 results showed progress, with inventory better, sequential gross margin stability and "solid" top-line. The analyst is bullish on the current product cycle and notes that his data work shows adidas (ADDYY) share gains are near peak. He keeps a Buy rating on Nike with a $75 price target.
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