Sterne Agee Reiterates Neutral Rating on Nike

In a report published Wednesday, Sterne Agee Group reiterated its Neutral rating on Nike

. 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.