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Fly News Breaks for June 22, 2016
NKE
Jun 22, 2016 | 09:01 EDT
B. Riley analyst Mitch Kummetz said in his preview of Nike's upcoming earnings report, expected next week, that he expect a further sequential deceleration in currency-neutral futures growth to 13% from 17%. The analyst lowered his Q4 and FY17 sales and earnings estimates for Nike and cut his price target on the stock to $66 from $72 but keeps a Buy rating on the shares.