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NKE

Nike

$89.51

-0.52 (-0.58%)

20:46
11/12/19
11/12
20:46
11/12/19
20:46

Nike initiated with an Overweight at Barclays

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.

NKE Nike
$89.51

-0.52 (-0.58%)

11/04/19
GUGG
11/04/19
NO CHANGE
Target $110
GUGG
Buy
Guggenhem says Nike seems best positioned in years to capitalize on Olympics
Following what he called "another strong marathon-winning performance" by an athlete wearing the Nike ZoomX Vaporfly Next% running shoe, Guggenheim analyst Robert Drbul said the company's "pipeline is already starting to shine" and he sees Nike being in its best position in many years to capitalize on the commercial opportunity presented by the 2020 Olympic stage. Drbul, who notes that athletic stocks typically perform well around Olympic games, added that Nike has a dominant market share in basketball but "does not enjoy such dominance in the highly competitive running category" and he has increased confidence in Nike's ability to capitalize on its pipeline. Drbul has a Buy rating on Nike shares.
11/05/19
RAJA
11/05/19
INITIATION
Target $100
RAJA
Outperform
Nike initiated with an Outperform at Raymond James
Raymond James analyst Matthew McClintock initiated coverage of Nike with an Outperform rating and $100 price target.
11/05/19
RAJA
11/05/19
INITIATION
RAJA
Raymond James starts Lululemon at Strong Buy; Foot Locker, Nike at Outperform
Raymond James analyst Matthew McClintock started Lululemon (LULU) at Strong Buy along with Foot Locker (FL) and Nike (NKE) at Outperform as part of a broader Athletic wear research note, also resumed coverage on Dick's Sporting Goods (DKS) at Underperform and Under Armour (UAA) at Outperform. The analyst contends that the industry is positioned well to continue "impressive" high-single-digit growth rate for at least the next decade amid a "mega trend" towards comfort and health/wellness. At Lululemon, McClintock believes that the innovation engine is "at full throttle" and the path for growth in international clear, claiming that the company is "in its own league" in terms of innovation and distribution and assigning LULU shares a $275 price target. The analyst has a $70 price target on Foot Locker, which he sees as "the single best distributor of premium athletic footwear product across the globe". McClintock believes the company can grow its earnings by 10% per year and revenue by 4%-6% per year for the "foreseeable future". The analyst has a $100 price target on Nike, citing the company's dominance in athletic industry and sees its earnings growing mid-teens with revenue up single digits and gross margins up 50bps per year. McClintock warns however that Nike may be challenged with achieving SG&A leverage in the near term "given the need to further invest in technology and supply chain." The analyst is bearish on Dicks Sporting Goods, noting that while the company will survive the "retail apocalypse" as the primary big box sporting goods destination, its earnings growth will be minimal in the long term and its valuation has become inflated by several years of easy comparisons. McClintock adds that the inventory growth at Dick's has far exceeded sales growth on "several occasions". The analyst assigns a price target of $30 to Under Armour, noting that the company has spend the past few years revitalizing its infrastructure after a a period of challenging results and now stands positioned to drive industry-leading shareholder returns over the next five years.
11/06/19
11/06/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Nike (NKE) and Foot Locker (FL) initiated with an Outperform at Raymond James while Lululemon (LULU) was initiated with a Strong Buy at Raymond James. 2. Momenta (MNTA) initiated with an Outperform at Wells Fargo. 3. Global Blood Therapeutics (GBT) initiated with a Hold at Canaccord. 4. Watford Holdings (WTRE) initiated with an Equal Weight at Morgan Stanley. 5. Pacira (PCRX) initiated with a Buy at BTIG. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NEM

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XOM

Exxon Mobil

$69.57

1.16 (1.70%)

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Sprint

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0.055 (1.02%)

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T-Mobile

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XOM

Exxon Mobil

$69.56

1.15 (1.68%)

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DB

Deutsche Bank

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0.035 (0.49%)

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Capital One

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  • 26

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HSBC

HSBC

$36.87

0.505 (1.39%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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$NYE

NYSE Market Internals

$0.00

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15:16
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15:15
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JBSAY

JBS S.A.

$0.00

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IWM

iShares Trust Russell 2000 Index Fund

$162.91

1.96 (1.22%)

, RUT

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$0.00

(0.00%)

15:08
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1.96 (1.22%)

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XLY

Consumer Discretionary Sector SPDR

$121.77

0.99 (0.82%)

, XLI

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$81.11

0.975 (1.22%)

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DIS

Disney

$147.99

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ICE

IntercontinentalExchange

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CCS

Century Communities

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DIN

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Conference/Events
Dine Brands management to meet with Wedbush »

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  • 10

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NBRV

Nabriva Therapeutics

$1.82

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14:43
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  • 10

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ORLY

O'Reilly Automotive

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  • 10

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NFLX

Netflix

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  • 09

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AMGN

Amgen

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  • 07

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NXPI

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  • 12

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