Sterne Agee Reiterates Neutral Rating on Nike
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.
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