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Fly News Breaks for June 21, 2018
NKE
Jun 21, 2018 | 08:04 EDT
Baird analyst Jonathan Komp believes the fundamental recovery for Nike is in its early innings. The analyst recommends investors stick with Nike as he expects North American revenue and gross margins to inflect positively. He expects the stock to move higher as long as a fundamental acceleration is in play for 2019 and beyond. Komp reiterated his Outperform rating and raised his price target to $82 from $78 on Nike shares.
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