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Fly News Breaks for January 18, 2017
NKE
Jan 18, 2017 | 16:16 EDT
CLSA analyst Rick Patel started Nike (NKE) with an Underperform rating and $55 price target. The analyst views Nike's 2020 targets as unrealistic and believes Under Armour (UA) will make progress in cutting into its footwear lead. Patel after the closing bell also initiated Under Armour with a Buy rating and lululemon (LULU) with an Underperform rating.
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