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Stock Market & Financial Investment News

News Breaks
March 22, 2013
06:34 EDTNKE, FLNike price target raised to $65 from $62 at Citigroup
Citigroup raised its price target for Nike (NKE) citing the company's better than expected Q3 results and positive guidance. Citi sees further upside in the stock due to improvement in international markets, new and further selling price increases. Citigroup reiterates Buy ratings on both Nike and Foot Locker (FL), as it sees Nike's results as positive for Foot Locker.
News For NKE;FL From The Last 14 Days
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April 22, 2014
06:49 EDTNKEYue Yuen falls in Hong Kong as worker strike hinders output, Bloomberg says
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06:10 EDTNKENike executives divided over boosting manufactuing in Bangladesh, WSJ reports
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April 21, 2014
06:40 EDTNKENike to pull out of wearable-hardware market, Cnet says
Nike is preparing to end production of wearable-hardware devices, and last week laid off most of its workers responsible for developing its FuelBand fitness tracker, Cnet reported Friday night. "As our Digital Sport priorities evolve, we expect to make changes within the team, and there will be a small number of layoffs," a Nike spokesman said, the website stated. Reference Link
April 17, 2014
16:17 EDTNKENike appoints Gilt CEO Michelle Peluso to board
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April 16, 2014
16:22 EDTNKEUSA Track & Field, Nike sign long-term partnership
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07:05 EDTNKENike, Adidas output disrupted by China shoe factory strike, Bloomberg says
Employees at Nike (NKE) and Adidas (ADDYY) shoe supplier Yue Yuen Industrial in Dongguan, China have been on strike for three days in hopes to gain a 30% wage increase and better benefits, according to Bloomberg, citing a Yue Yuen spokesman. Reference Link
April 10, 2014
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
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08:10 EDTNKENike upgraded at Macquarie
As previously reported, Macquarie upgraded Nike to Outperform from Neutral. The firm is positive on Nike based on expectations for overseas revenue acceleration, strong futures orders, valuation, lower cost of production in Vietnam and sportswear category growth. Price target raised to $84 from $80.
05:57 EDTNKENike upgraded to Outperform from Neutral at Macquarie
April 9, 2014
09:20 EDTFLBofA/Merrill's retail analysts hold an analyst/industry conference call
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