UPDATE: McAdams Wright Ragen Maintains Nike at Hold on Valuation
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
|Jun 2016||Morgan Stanley||Downgrades||Overweight||Equal-weight|
|Jun 2016||Bank of America||Downgrades||Buy||Neutral|
|May 2016||Wells Fargo||Assumes||Market Perform|
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