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Fly News Breaks for December 22, 2017
NKE
Dec 22, 2017 | 04:54 EDT
Barclays analyst Matthew McClintock raised his price target for Nike to $71 following last night's Q2 results. The company sets up to be one of the best discretionary stories for investors in 2018, McClintock tells investors in a research note. Accelerating results combined with an "increasingly bullish tone" from management suggest Nike is coming nearing "strong, sustainable, and profitable growth," the analyst contends. He keeps an Overweight rating on the shares.
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