Is Nike Stock Going to $102? 1 Wall Street Analyst Thinks So.
(NYSE: NKE) is a stock for players who want to win convincingly on the market. That, at least, is the view of one analyst tracking the athletic wear and apparel giant. He recently reiterated his optimistic outlook on Nike's prospects, suggesting that the stock's price could accelerate 31% before long.
That Nike bull is Paul Jejuez of ever-influential Big Four bank Citigroup. He published a new note on Nike, in which he maintained both his buy recommendation and $102 per-share price target.
Jejuez was compelled to publish an update following developments with a crucial Nike business partner in China: wholesaler and retailer Topsports. That company warned investors that its operating profit for the six-month period ending Aug. 31 would likely be down by around 35% year over year. This is due to softening consumer demand in the country, which has seen relatively weak economic growth in the past few years.
Source Fool.com
Nike Inc. B Aktie
Klarer Community-Favorit: Nike Inc. B mit vielen Buy- und wenigen Sell-Einschätzungen.
Für Nike Inc. B ergibt sich mit einem Kursziel von 110 € eine mögliche Steigerung von über 50% gegenüber 70.8 €.
