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Fly News Breaks for June 13, 2019
NKE
Jun 13, 2019 | 07:14 EDT
Ahead of Nike's earnings report, due on June 27, Stifel analyst Jim Duffy said he thinks Nike is unlikely to give a "more ambitious" outlook than the preliminary guidance provided with its Q3 report given the current trade tensions and the potential impact to China end-market demand. While he said he is confident in his estimates for Q4 and FY20, both of which are above consensus, he does not expect the Q4 report in two weeks being a "meaningful catalyst" for Nike shares. Duffy keeps a Buy rating and $96 price target on Nike.
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