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Sterne Agee Reiterates Neutral Rating on Nike

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In a report published Wednesday, Sterne Agee Group reiterated its Neutral rating on Nike (NYSE: NKE).

Sterne Agee noted, “We are adjusting our FY13 and '14 EPS estimates from $5.26 and $5.99 to $2.63 and $2.99 to reflect the 2 for 1 stock split of company shares. Our revenue and margin estimates have not changed.”

Nike closed on Monday at $52.13.

Latest Ratings for NKE

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

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Posted-In: Sterne Agee GroupAnalyst Color Reiteration Analyst Ratings

 

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