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Fly News Breaks for March 22, 2017
NKE
Mar 22, 2017 | 07:13 EDT
UBS analyst Michael Binetti noted Nike's 2018 guidance was more vague than usual and suggested a tough Q4 as well. The analyst lowered his estimates and believes 2018 could be a rebasing year for the company. Binetti said he sensed on the conference call an increased sense of urgency to boost the pace and impact of innovation to bolster fundamentals. Binetti maintained his Buy rating and lowered his price target to $63 from $67 on Nike shares.
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