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Fly News Breaks for March 22, 2017
NKE
Mar 22, 2017 | 07:49 EDT
Baird analyst Jonathan Komp noted Nike topped Q3 consensus EPS estimates but said gross margins disappointed and challenges remain. The analyst said he would be a more aggressive short term buyer on pullbacks or with signs of faster fundamental improvement. Komp maintained his Outperform rating but lowered his price target to $62 from $67 on Nike shares.
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