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Fly News Breaks for April 15, 2016
ADDYY, NKE, UA
Apr 15, 2016 | 08:41 EDT
Cowen analyst John Kernan said updated data from the firm's consumer survey indicates Nike (NKE) still dominates among men and women in athletic apparel preference, but also indicates that that adidas (ADDYY) and Under Armour (UA) are gaining a small amount of share in "key demographics." The firm keeps Outperform ratings on all three stocks mentioned and Kernan raised his price target on adidas to EUR $115 from EUR $110, citing the momentum in the company's footwear franchises.
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