Fly News Breaks for March 20, 2017
Mar 20, 2017 | 07:41 EDT
Baird analyst Jonathan Komp believes Nike's fundamentals bottomed in the first half of 2017 and the company should reach Q3 estimates. The analyst believes progress will come gradually and as a result it is difficult to be overly bullish at its current valuation. Komp views Nike as a core growth holding, but said it would be a better buy near-term on pullbacks. Komp maintained his Outperform rating and $67 price target on Nike shares.
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