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Fly News Breaks for September 28, 2016
NKE
Sep 28, 2016 | 06:15 EDT
Citi analyst Kate McShane raised her price target for Nike to $64 from $61 saying the company's Q1 results last night showed "solid signs of improvement" following recent headwinds. North America sales re-accelerated to 6% year-over-year from flat in Q4, McShane tells investors in a research note. The analyst keeps a Buy rating on Nike. Brean Capital this morning downgraded the shares to Neutral.
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