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Fly News Breaks for October 26, 2017
NKE
Oct 26, 2017 | 06:01 EDT
Following yesterday's investor meeting, Deutsche Bank analyst Paul Trussell says his Buy thesis on Nike remains intact. In a research note titled "Nike's Optimism Should Surprise No One; Reiterate Buy," the analyst says he's incrementally more confident in the long term. There continues to be question marks over the next 18 months, however, Trussell writes. The analyst points out that Nike believes over 50% of its growth will come from innovation over the next five years. He reiterates a Buy rating on the shares with a $61 price target.
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