Nike Inc (NYSE: NKE) offered heavy discounts, going up to 60% on even fresh stock, during Black Friday and Cyber Monday as bargain-conscious shoppers increased t
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Nike Inc. s (NYSE: NKE) direct-to-consumer (DTC) strategy shift and growth in China has an analyst paying attention.
The Nike Analyst: Jefferies analyst Randal J. Konik upgraded shares of Nike
to Buy and raised the price target from $140 to $192.
The Takeaways: Nike has a favorable industry backdrop, is successfully leading a digitally-enabled customer acquisition strategy and growing its higher-margin items, Konik said.
A favorable risk-reward on Nike is presenting the analyst with an opportunity to upgrade shares and increase the price target.
“We have grown increasingly confident in the mid-term growth and profit trajectory of the biz,” Konik said.
Nike Inc (NYSE: NKE) is in for a long-term run of sales growth that will make it more valuable over the next few years, UBS said Monday.
The Nike Analyst
UBS analyst Jay Sole upgraded Nike from Neutral to Buy and raised the price target from $103 to $136.
The Nike Thesis
Sole said he thinks the. Read More.
After a disappointing launch as a public company, Blue Apron Holdings Inc (NYSE: APRN) announced Brad Dickerson, a Blue Apron insider and former CFO and COO of Under Armour Inc (NYSE: UAA), would immediately replace founder Matt Salzberg as CEO.
Some on the Street are optimistic that “. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: