Market Overview

UPDATE: Citigroup Downgrades Nike to Neutral on Limited Upside Potential

Share:
Related NKE
Is Nike Involved In The FIFA Corruption Scandal?
Bayern Munich Planning Talks With Alibaba?
Is Nike 'Sportswear Company A' In DOJ FIFA Indictment? (Investor's Business Daily)

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
May 2015JefferiesInitiates Coverage onBuy
Apr 2015HSBCDowngradesOverweightHold
Apr 2015Piper JaffrayUpgradesNeutralOverweight

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...