Nike risk/reward unfavorable ahead of earnings, says Canaccord Canaccord believes the risk/reward for Nike looks unfavorable ahead of its earnings release on Thursday. The firm does not see any upward revisions to guidance coming and expects growth to be somewhat below the mid-teens range. Canaccord has a Hold rating with a $71 price target on Nike.
News For NKE From The Last 14 Days
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Manchester 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.