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Fly News Breaks for June 29, 2016
NKE
Jun 29, 2016 | 08:18 EDT
Baird said they would be buyers of the pullback in Nike shares following its Q4 results. The firm noted its Q1 guidance was below expectations, but said 2017 guidance was intact, the company's fundamentals are strong, its pipeline is strong, and the risk/reward is attractive at current levels. Baird lowered its price target to $67 from $70 on Nike shares but keeps an Outperform rating on the stock.
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