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NKE

Nike

$53.40

0.37 (0.70%)

07:24
09/13/17
09/13
07:24
09/13/17
07:24

Nike price target lowered to $61 from $69 at Deutsche Bank

Deutsche Bank analyst Paul Trussell lowered his price target for Nike shares to $61 after cutting his FY18 earnings per share estimate to $2.28 from $2.3.7 and FY19 earnings estimate to $2.61 from $2.76. The analyst reduced his valuation multiple to reflect further revenue and margin pressure, particularly in North American. The analyst, however, sees a stronger 2018 for Nike and continues to recommend the shares with a Buy rating.

  • 26

    Sep

  • 03

    Oct

  • 04

    Oct

NKE Nike
$53.40

0.37 (0.70%)

09/12/17
09/12/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. DowDuPont (DWDP) initiated with an Outperform at Macquarie. 2. Bunge (BG) initiated with a Neutral at Baird. 3. Rite Aid (RAD) initiated with a Hold at Loop Capital. 4. Nike (NKE) was initiated with an Outperform at Bernstein, while Under Armour (UA) was initiated with an Underperform. 5. Houlihan Lokey (HLI) initiated with an Overweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/12/17
BERN
09/12/17
INITIATION
Target $69
BERN
Outperform
Nike initiated with an Outperform at Bernstein
Bernstein analyst Jamie Merriman started Nike with an Outperform and $69 price target saying it is the best in class athletic apparel and footwear brand and the leader in market share globally. Given the pipeline of innovation, the strength of the R&D platform and the ability to invest in athletes driven by the size of the balance sheet, the analyst believes share gains will continue.
09/01/17
OPCO
09/01/17
NO CHANGE
Target $68
OPCO
Outperform
lululemon multiple expansion warranted after Q2 results, says Oppenheimer
Oppenheimer analyst Anna Andreeva believes multiple expansion for shares of lululemon (LULU) is warranted following last night's Q2 results. Despite an intensifying promotional backdrop in athletic, lululemon's "powerful brand equity with extremely loyal consumer" posted top-line acceleration, Andreeva tells investors in a post-earnings research note. The retailer's valuation is in line with Nike (NKE) despite "far superior" top-line growth, the analyst contends. She raised her estimates and keeps an Outperform rating on lululemon.
08/29/17
MSCO
08/29/17
NO CHANGE
Target $50
MSCO
Overweight
Foot Locker problems fixable, mostly fashion-related, says Morgan Stanley
Morgan Stanley analyst Jay Sole made his case for keeping an Overweight rating on Foot Locker (FL) in a new note to investors, arguing that the problems that caused the company's "very disappointing" Q2 results were not structural, but "mostly fashion-related" and fixable. He still sees the stock's risk/reward balance skewed to the upside, based on his belief that Foot Locker can defend itself versus Amazon (AMZN), Nike's (NKE) new product pipeline should eventually improve and brands' quicker speed to market "could be a game-changer." However, Sole has lowered his price target on Foot Locker shares to $50 from $65.

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