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UPDATE: McAdams Wright Ragen Maintains Nike at Hold on Valuation

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McAdams Wright Ragen reiterated its Hold sting on Nike (NYSE: NKE) as valuation offsets solid Q2 results.

McAdams Wright Ragen noted, "The strength of Nike's brands and its history of consistent execution give us confidence in its longer-term prospects. While we believe there is moderate potential upside in the shares over the next 12-24 months, we prefer a better entry point to provide not only better potential returns, but also to insulate from the downside risks inherent in a still-choppy global economy."

Nike closed at $51.76 on Thursday.

Latest Ratings for NKE

DateFirmActionFromTo
Mar 2016Goldman SachsMaintainsBuy
Mar 2016BarclaysMaintainsOverweight
Mar 2016Credit SuisseMaintainsOutperform

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Posted-In: McAdams Wright RagenAnalyst Color Reiteration Intraday Update Analyst Ratings

 

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