Market Overview

UPDATE: Citigroup Downgrades Nike to Neutral on Limited Upside Potential

Related NKE
Stocks Hitting 52-Week Highs
7 Stocks You Should Be Watching Today
Making Money With Charles Payne: 11/24/14 (Fox Business)

Citigroup reduced its rating on Nike (NYSE: NKE) from Buy to Neutral but raised its price target from $98 to $101.

Citigroup noted, "For the last several qtrs, Nike's P/E multiple expansion has been driven by double-digit top line growth rates due to strong innovation, global secular growth and higher prices. While we expect futures to still be healthy, futures could start to decelerate to below ~10% over the next 12 mos as the company laps several growth drivers."

Nike closed at $100.84 on Wednesday.

Latest Ratings for NKE

DateFirmActionFromTo
Nov 2014Deutsche BankMaintainsBuy
Nov 2014BB&T CapitalInitiates Coverage onHold
Nov 2014Sterne AgeeDowngradesBuyNeutral

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (NKE)

Around the Web, We're Loving...

Get Benzinga's Newsletters