Market Overview

UPDATE: Citigroup Removes Nike from Top Picks Live! List


Citigroup has published a research report on Nike (NYSE: NKE) after removing the company form its Top Picks Live! list.

In the report, Citigroup writes, "We remove NKE from Citi's TPL! as +18% Futures could be strongest medium-term performance, NKE's strong +15% stock performance YTD, & lack of NT catalyst until ~May. We do reiterate our Buy on NKE as we believe price increases are being readily accepted by retailers and see growth on new innovation, continued North America momentum & China."

Citigroup maintains its Buy rating and $123 price target on Nike, which closed yesterday at $110.99.

Posted-In: Citigroup Top Picks Live!Analyst Color Reiteration Pre-Market Outlook Analyst Ratings


Related Articles (NKE)

View Comments and Join the Discussion!

Latest Ratings

View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Amylin Pharmaceuticals Announces BYETTA Approved for Use with Basal Insulin in Europe

From Earlier: Caterpillar to Expand Shandong Engineering Machinery Product Line and Increase Capacity for SEM Wheel Loaders