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Fly News Breaks for March 22, 2019
NKE
Mar 22, 2019 | 06:10 EDT
Piper Jaffray analyst Erinn Murphy views Nike's fiscal Q3 results as "strong" and reiterates an Overweight rating on the shares. She boosted her price target for the stock to $93 from $92. The call highlighted strong evidence of market share and category momentum in addition to opportunity for improving returns as digital contribution accelerates, Murphy tells investors in a research note. She believes Nike's investments are paying off in sales and gross margin but are "keeping a lid" on earnings.
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