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Fly News Breaks for June 11, 2018
FL, NKE
Jun 11, 2018 | 07:16 EDT
Wells Fargo analyst Tom Nikic raised his price target for Nike (NKE) to $74 from $62 following meetings with management of Foot Locker (FL), Nike's largest wholesale partner, where the tone was very positive around the latter's product flows, boding well for Nike into FY19. The analyst reiterates a Market Perform rating on Nike's shares.
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