Sterne Agee Reiterates Buy Rating, $125 PT for Nike

In a company report published earlier today, Sterne Agee Group, Inc. reiterated its Buy rating and $125.00 price target for Nike, Inc.

. Sterne Agee went on to say “The innovative pipeline at Nike appears to be second to none, and we believe that the many upcoming events will continue to drive first class results...Historically, Nike has outperformed in Olympic years. We believe that Flyknit and Nike+ technologies will be major growth platforms in the coming years. The Lunar platform, introduced as a running shoe at the 2008 Olympics, now drives ~$2B in retail sales. There are many compelling applications for Flyknit technology such as personalization of fit and color through Nike ID.” Nike, Inc. closed yesterday at $98.66.