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Fly News Breaks for February 8, 2019
NKE
Feb 8, 2019 | 07:00 EDT
Oppenheimer analyst Brian Nagel raised his price target on Nike to $100 while reiterating it as a Top Pick, telling investors in a research note that he is "even more impressed" with the company's underlying operating prowess than he was after upgrading shares in October to Outperform. In addition to strong top-line dynamics, tighter inventory management globally continues to result in improved full price sell-through, unlocking margin upside in the Nike model, Nagel contends.
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