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Stock Market & Financial Investment News

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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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August 1, 2014
12:27 EDTNKEAnalyst says Nike decline yesterday unwarranted
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07:32 EDTNKENike weakness in sympathy with Adidas misplaced, says UBS
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July 25, 2014
11:29 EDTNKEDeckers Outdoor climbs higher after Q1 results, increased FY outlook
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