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Fly News Breaks for September 25, 2019
FL, NKE
Sep 25, 2019 | 07:08 EDT
Wells Fargo analyst Tom Nikic raised his price target for Nike (NKE) to $91 from $85 saying that even though expectations were very high heading into Q1 earnings, the company somehow managed to clear the high bar with a rock-solid print that was strong top-to-bottom. Overall, the analyst thinks Nike's "product-innovation engine is humming," but given the disparity in valuations, he believes Foot Locker (FL) possesses greater potential upside at this time. Nikic reiterates a Market Perform rating on Nike's shares.
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