Market Overview

UPDATE: McAdams Wright Ragen Maintains Nike at Hold on Valuation

Share:
Related NKE
Why Foot Locker Is One Mall Stock That May Not Get Shuttered
Watch These 5 Huge Call Purchases In Monday Trade
Jacobi Capital Management LLC Buys Vanguard FTSE All World Ex US, SPDR Bloomberg Barclays ... (GuruFocus)

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

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

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

 

Related Articles (NKE)

View Comments and Join the Discussion!