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Fly News Breaks for May 24, 2018
UA, UAA, NKE
May 24, 2018 | 16:14 EDT
After Sports Business Daily reported that Nike (NKE) is close to a deal to take over Under Armour's (UAA) on-field licensing deal for Major League Baseball, Baird analyst Jonathan Komp said he thinks giving up the MLB deal could make sense for Under Armour given the near-term margin benefits. For Nike, the MLB rights would further the brand's on-field dominance with the major professional U.S. sports, added Komp, who has Outperform ratings on both stocks.
News For NKE;UAA;UA From the Last 2 Days
NKE
Mar 27, 2024 | 13:03 EDT
Morgan Stanley lowered the firm's price target on Nike to $116 from $124 and keeps an Overweight rating on the shares. Following Nike's Q3 earnings report, the firm reduced its Q4 topline and profitability forecasts based on weaker Q4 sales gross margin guidance than previously assumed. The firm now projects 80c EPS, versus the implied guidance of about 77c-78c and the firm's prior 91c forecast.