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Fly News Breaks for December 11, 2019
NKE
Dec 11, 2019 | 07:42 EDT
Wedbush analyst Christopher Svezia raised his price target for Nike to $110 from $100 ahead of the company's December 19 earnings report, when he expects the company to slightly raise its FY20 outlook. Svezia, who maintains an Outperform rating on the shares, tells investors that he believes there are "numerous" areas of upside opportunity in FY20 & beyond, including the Nike App in China, Nike Fit, RFID and other productivity strategies, clean/seasonable inventory and a robust product pipeline.
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