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Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:51 EDTNKENike advances following JPMorgan upgrade
Nike (NKE) is climbing after JPMorgan analyst Matthew Boss upgraded the stock to Overweight from Neutral in a note to investors earlier today. Nike's revenue is poised to rise as a result of strong upcoming products and an expansion of the footwear maker's e-commerce initiative over the next several years, Boss wrote. Meanwhile, margin increases should help the company increase its earnings per share to $4-$5 by fiscal 2016, representing an increase of about 50% over three years, the analyst predicted. Boss is more confident about Nike's outlook after meeting with its CFO recently and he raised his price target on the shares to $64 from $50. In early trading, Nike rose 34c, or 0.6%, to $54.92.
News For NKE From The Last 14 Days
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July 15, 2014
09:29 EDTNKECorning names Nike CFO Donald Blair to board
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July 14, 2014
08:01 EDTNKEManchester United reaches agreement with Adidas
Manchester United (MANU) has reached a ten year agreement with Adidas (ADDYY) for a global technical sponsorship and dual branded licensing deal for a minimum guarantee of GBP750M, subject to certain adjustments, beginning with the 2015-2016 campaign. For the 2014-2015 season, Nike (NKE) will continue in its role of technical sponsor and trademark licensee.
July 10, 2014
08:10 EDTNKEMorgan Stanley's Vintage Values 2015 list selected
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06:42 EDTNKENike ends deal with Manchester United, NY Times reports
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July 9, 2014
06:58 EDTNKEApple hires two Nike FuelBand engineers, Apple Insider erports
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