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Fly News Breaks for June 22, 2016
NKE
Jun 22, 2016 | 08:18 EDT
Baird said the recent weakness in Nike has left them with an increasingly positive view on the shares. The firm acknowledged key metrics may not bottom until early next year, but they think the recent selloff is pricing in an overly negative scenario. Baird believes fundamentals are healthy and sees potential for basketball trends to rebound. Baird reiterated its Outperform rating and $70 price target on Nike shares.
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