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Fly News Breaks for September 25, 2015
NKE
Sep 25, 2015 | 07:33 EDT
As noted earlier, Sterne Agee upgraded Nike to Buy from Neutral. After the company reported stronger than expected results, the firm thinks the company is benefiting from its "global grass roots engagement with its customers" which enables it to meet its customers' needs and determine to what extent it can raise prices. The firm believes that the company is continuing to gain share. Target $150.
News For NKE 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.