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Fly News Breaks for June 29, 2016
NKE
Jun 29, 2016 | 08:19 EDT
After Nike reported lower than expected futures, Stifel still thinks that the company has significant "secular and structural tailwinds." However, the firm cut its price target on the shares to $68 from $73, citing adverse foreign exchange trends and a "more volatile" macro outlook. But the firm thinks the company remains on track to meet its fiscal 2020 targets, and it keeps a Buy rating on the shares.
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