Needham analyst Rick Patel tells investors in a research note that while it is too early to have high conviction on the implications for Nike from the friction between the NBA and China because the situation is "fluid," the analyst says read-throughs from the ongoing trade dispute are "encouraging," as Chinese consumers have not turned on American brands despite trade tensions. In its most recent quarter, Nike's Greater China sales accelerated to +27%, and Patel says he believes the bulk of Nike's business in Greater China is in sportswear and Jordan, not NBA-specific items. Patel, who has a Buy rating and $98 price target on Nike shares, says he anticipates Nike's strong trajectory in China will continue given its credibility in sportswear, digital momentum, as well as government efforts to boost active lifestyles.