Wall Street rally fizzles out as oil, materials fall
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- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Oracle raises full year profit guidance, stock rises after hours
- Oil falls but head for 8% weekly gain on tight supply; US diesel hits record
- 'No panic anywhere' may be the problem, BofA strategists warn
- Buy Shopify stock at this ’AI-enabled entry point,’ analyst says
- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Goldman Sachs tech conference highlights AI spending outlook
- Dell shares surge on record AI server bookings
- 'No panic anywhere' may be the problem, BofA strategists warn
- Buy Shopify stock at this ’AI-enabled entry point,’ analyst says
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Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning
March 23, 2016 8:52 AM EDTCanaccord Genuity trims its price target on Hold-rated Nike (NYSE: NKE) from $66 to $57 following Q3 results issued Tuesday night.
Analyst Camilio Lyon commented, Given the revenue miss coupled with futures orders (+12%, in line with our ests) that are becoming less of a predictor of reported sales, we believe the stock will be subject to multiple compression. Moreover, inventory... More
Jefferies Remains Bullish on Nike (NKE) Following 3Q EPS Beat - PT to $74
March 23, 2016 8:09 AM EDTJefferies maintained a Buy rating on Nike (NYSE: NKE), and cut the price target to $74.00 (from $76.00), following the company's 3Q earnings report. Even with sales growth weighed on by FX pressures, Nike's 3Q EPS beat consensus expectations by 7c. Management maintained FY16 guidance parameters... More
Sterne Agee CRT Reiterates Buy on Nike (NKE) as Low Tax Rates Boost EPS
March 23, 2016 7:33 AM EDTSterne Agee CRT reiterated a Buy rating and $75.00 price target on Nike (NYSE: NKE) following the company's 3Q earnings report. 3Q16 EPS was $0.55 versus the consensus estimate of $0.48. Roughly $0.04 of the beat was due to the lower tax rate as the result of... More
