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NKE

Nike

$93.51

-0.14 (-0.15%)

06:21
12/02/19
12/02
06:21
12/02/19
06:21

Nike price target raised to $118 from $108 at Morgan Stanley

Morgan Stanley analyst Kimberly Greenberger raised her price target for Nike to $118 from $108 as a result of rolling forward her discounted cash flow model. The analyst also increased her "Bull Case" for the shares to $138 from $130. She continues to believe Nike is in the "early innings" of transition from a traditional wholesale business to a digitally-driven, direct-to-consumer brand. The business appears positioned to take share in the high-growth, global activewear market as well as increase profitability, Greenberger tells investors in a research note. The analyst continues to see Nike's bull case playing out as among the highest in her stock coverage universe. She keeps an Overweight rating on the shares.

NKE Nike
$93.51

-0.14 (-0.15%)

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.
11/12/19
LEHM
11/12/19
INITIATION
Target $111
LEHM
Overweight
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.
11/13/19
NOMU
11/13/19
NO CHANGE
Target $42
NOMU
Neutral
Nike ending direct Amazon sales positive for Dick's, says Nomura Instinet
Nomura Instinet analyst Michael Baker says Nike's (NKE) decision to stop selling product directly to Amazon (AMZN), as reported this morning by Bloomberg, should be positive for Dick's Sporting Goods (DKS). Nike product will still be available on Amazon through its third-party market place, so the good for Dick's "is only modest," Baker tells investors in a research note titled "DKS Winning Online." The analyst believes Dick's is one of Nike's most valuable partners. The company accounts for about 6.6% of Nike's North American sales and 9.6% of its North American wholesale sales, and the penetration has been growing, contends Baker. This makes Dick's Nike's second-biggest wholesale partner, says the analyst, how keeps a Neutral rating on Dick's with a $42 price target.
11/25/19
BOFA
11/25/19
UPGRADE
Target $55
BOFA
Buy
Dick's Sporting upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Robert Ohmes upgraded Dick's Sporting (DKS) to Buy from Neutral with a $55 price target ahead of its Q3 results tomorrow, saying that at 11-times his expected FY21 earnings and given his upside same-store sales bias, the valuation on the stock is "compelling". The analyst believes that the company's digital and same-store sales momentum could accelerate further based on the success of its premium footwear selections as it receives "better lifestyle product assortment from Nike (NKE) and adidas (ADDYY), also noting that its apparel continues to be a strong category.

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$317.26

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OCFT

OneConnect

$0.00

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LMAT

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ATNX

Athenex

$14.10

-2.84 (-16.77%)

10:04
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  • 13

    Dec

SPY

SPDR S&P 500 ETF Trust

$317.04

-0.1 (-0.03%)

, SPX

S&P 500

$0.00

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Periodicals
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$317.04

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$0.00

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10:02
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General news
Business Inventories data reported »

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RCL

Royal Caribbean

$125.06

0.04 (0.03%)

10:01
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  • 13

    Dec

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    Dec

THC

Tenet

$37.11

-0.1 (-0.27%)

10:01
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C

Citi

$77.07

0.03 (0.04%)

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Put sale in Citi is largest early single-stock block »

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  • 14

    Jan

LYG

Lloyds Banking

$3.43

0.24 (7.52%)

10:00
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NAK

Northern Dynasty

$0.51

(0.00%)

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BCS

Barclays

$9.83

0.75 (8.26%)

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RBS

RBS

$6.84

0.68 (11.04%)

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BTC

Bitcoin

$0.00

(0.00%)

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ING

ING Group

$12.06

0.135 (1.13%)

AMD

AMD

$42.13

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ICE

IntercontinentalExchange

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NVDA

Nvidia

$225.36

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OSTK

Overstock.com

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DPW

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KODK

Kodak

$3.04

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IDEX

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$0.76

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RIOT

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TEUM

Pareteum

$0.41

-0.0123 (-2.95%)

SRAX

SRAX, Inc

$1.45

(0.00%)

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  • 06

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    Jan

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    Feb

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PPL

PPL Corp.

$35.25

1.64 (4.88%)

, ADBE

Adobe

$317.31

11.55 (3.78%)

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PPL Corp.

$35.25

1.64 (4.88%)

ADBE

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$299.91

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BLL

Ball Corp.

$64.02

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HUM

Humana

$351.28

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  • 23

    Jan

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EA

Electronic Arts

$105.00

-0.08 (-0.08%)

, ATVI

Activision Blizzard

$58.19

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EA

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ATVI

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GME

GameStop

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-0.1 (-1.79%)

NTDOY

Nintendo

$0.00

(0.00%)

TTWO

Take-Two

$122.77

-2.56 (-2.04%)

UBSFY

Ubisoft

$0.00

(0.00%)

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  • 13

    Dec

  • 13

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JNJ

Johnson & Johnson

$141.54

0.14 (0.10%)

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Conference/Events
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  • 22

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