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Fly News Breaks for August 26, 2016
NKE
Aug 26, 2016 | 06:33 EDT
B. Riley analyst Mitch Kummetz downgraded Nike to Neutral and maintained its $62 price target. The analyst said shares are within 5% of his price target and believes sentiment is misplaced of late. Jummetz said Nike basketball has improved sequentially, but is more than offset by running weakness, and expects futures to be flat to down sequentially when Nike reports next month.
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NKE
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