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Fly News Breaks for March 22, 2017
NKE
Mar 22, 2017 | 07:29 EDT
Credit Suisse analyst Christian Buss notes that Nike reported a "tepid" Q3 and guided for more of the same in Q4, suggesting that investments in brand building and innovation are taking longer to take hold than he had previously hoped. But even with some operational delay, the analyst continues to see Nike as "a true standout" in the soft-lines space. Buss reiterates an Outperform rating and $67 price target on the shares.
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