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Fly News Breaks for November 12, 2019
NKE
Nov 12, 2019 | 20:46 EDT
Barclays analyst Adrienne Yih initiated coverage of Nike with an Overweight rating and $111 price target. The analyst says the stock is her Top Pick in the sector given its potential to accelerate DTC sales, its long-range plan generating high-single-digit annual revenue growth and mid-teens earnings growth, as well as its continuous gross margin expansion on cost reduction measures.
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