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Fly News Breaks for June 22, 2018
NKE
Jun 22, 2018 | 07:44 EDT
As previously reported, Buckingham downgraded Nike to Neutral from Buy and raised its price target to $80 from $75. Analyst Eric Tracy said risk/reward is more balanced at current levels and remains positive on Nike's long-term fundamental positioning. The analyst would look to get more constructive on shares on either a pullback or better visibility to greater earnings upside catalysts.
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