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FBR Capital Reiterates Market Perform on Nike (NKE) Following 2Q Results

December 21, 2016 6:54 AM EST

FBR Capital reiterated a Market Perform rating and $55.00 price target on Nike (NYSE: NKE) following the company's 2Q earnings report. EPS of $0.50 was came in ahead of the consensus estimate of $0.44. Revenue growth of +6.4% beat consensus estimates of +5.3%. Demand creation decreased 1% in line
with plan following significant 1Q investments in the Olympics and Euro Cup.

Analyst Susan Anderson commented, "NIKE reported... More