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Fly News Breaks for September 25, 2019
UA, UAA, FL, NKE
Sep 25, 2019 | 07:53 EDT
Jefferies analyst Randal Konik raised his price target for Nike (NKE) to $97 from $80 saying the "broad-based, strong" 10% constant currency growth in last night's Q1 illustrates the ongoing power of its brand. However, these positives are fully contemplated in the shares at current levels, Konik tells investors in a post-earnings research note. The analyst, who prefers shares of Foot Locker (FL) and Under Armour (UAA), keeps a Hold rating on Nike.
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