Market Overview

UPDATE: Stifel Nicolaus Raises PT to $110 on Nike Ahead of Earnings

Share:
Related NKE
With Nike Back On Offense, Sell-Side Sentiment Keeps Under Armour On The Bench
Nike Vs. Under Armour: Comparing Expectations
Sawgrass Asset Management Llc Buys Nike, Illinois Tool Works, The Cooper, Sells Dollar Tree, ... (GuruFocus)

Stifel Nicolaus reiterated its Buy rating on Nike (NYSE: NKE) and increased its price target from $104 to $110.

Stifel Nicolaus noted, "Behind continued domestic momentum and signs of stabilization in overseas markets, we remain confident in our 2QFY13 revenue and EPS estimates of $5.97bn and $1.04 (consensus $6.00bn and $1.00). For futures, we expect constant currency global futures growth of 7%-8%, perhaps a slight moderation sequentially (+8% 1Q) behind strength from: 1) a modest pricing benefit (we estimate 1pt.), 2) continued sell-through momentum led by North America and Emerging markets, 3) accelerating basketball momentum, 4) expanded distribution of FlyKnit, and 5) the incremental contribution from the NFL license (took over April 2012)."

Nike closed at $98.08 on Monday.

Latest Ratings for NKE

DateFirmActionFromTo
Apr 2017ArgusDowngradesBuyHold
Jan 2017Atlantic EquitiesInitiates Coverage OnOverweight
Jan 2017CLSAInitiates Coverage OnUnderperform

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (NKE)

View Comments and Join the Discussion!