Nike (NKE) Gets a Hold Rating from Jefferies
Jefferies analyst Randal Konik maintained a Hold rating on Nike (NKE) yesterday and set a price target of $80. The company’s shares closed yesterday at $75.79.
According to TipRanks.com, Konik is a 4-star analyst with an average return of 5.7% and a 54.7% success rate. Konik covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Foot Locker Inc, and Tailored Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $88.46 average price target, a 16.7% upside from current levels. In a report issued on November 19, Wells Fargo also maintained a Hold rating on the stock with a $82 price target.
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Based on Nike’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $9.94 billion and net profit of $1.09 billion. In comparison, last year the company earned revenue of $8.54 billion and had a net profit of $767 million.
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