Followers | 680 |
Posts | 141212 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Thursday, April 14, 2022 2:19:00 PM
By: Investing.com | April 14, 2022
Nike (NYSE:NKE) climbed Thursday, after analysts at JPMorgan and UBS provided positive commentary on the sportswear giant.
Nike was up about 4.7% higher in recent trading.
JPMorgan analyst Matthew Boss reiterated an overweight rating and $164 price target on Nike shares following discussions with Nike's management and the company's quarterly filing.
The analyst said Nike's material underlying improvement in China was a key takeaway. Boss explained in his note to investors that management sees China "on pace" to deliver "sequential improvement" in the fourth quarter, despite the impact of covid related restrictions on local consumers since the company provided guidance on March 21.
In addition, UBS analyst Jay Sole reiterated a buy after an investor meeting in New York with Matt Friend, EVP and CFO at Nike, and Paul Trussell, VP, Investor Relations & Strategic Finance.
Sole was upbeat following the discussions, explaining that he believes "North America demand remains very strong, particularly in digital channels, and Nike's inventory levels are lean."
Commenting on Nike's business in China, the analyst said that while lockdowns have likely impacted sales and supply chain transportation, they believe the issues "are contemplated in Nike's guidance.”
“The company's investments in product innovation, supply chain speed, and digital are unlocking what is likely a multiyear period of above average growth,” concluded Sole.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent NKE News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:16:54 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 02:49:25 PM
- DICK'S Sporting Goods and Nike Announce Fourth Annual It's Her Shot Tour • PR Newswire (US) • 05/09/2024 01:07:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 09:19:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 04:32:22 PM
- NIKE, Inc. Declares $0.370 Quarterly Dividend • Business Wire • 05/02/2024 08:15:00 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Paramount’s Shares Surge Following Sony and Apollo’s Joint Bid; ISS Backs Berkshire Hathaway Director Re-election, and More • IH Market News • 04/19/2024 11:31:22 AM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Nike Kicks Off Multi-Year Innovation Cycle • Business Wire • 04/11/2024 06:01:00 PM
- Costco Increases Dividend by 14%, Meta Introduces ‘Artemis’ AI Chip, and More News • IH Market News • 04/11/2024 11:24:54 AM
- Tech Sector Weakness May Weigh On Wall Street • IH Market News • 03/25/2024 01:26:54 PM
- U.S. Stocks Close Mixed On The Day But Sharply Higher For The Week • IH Market News • 03/22/2024 08:40:00 PM
- FedEx Soars 13% with Profits Above Forecasts, Nike Hit by China Slowdown, and Latest News • IH Market News • 03/22/2024 01:07:53 PM
- NIKE, Inc. Reports Fiscal 2024 Third Quarter Results • Business Wire • 03/21/2024 08:15:00 PM
- U.S. Index Futures Rise as Fed’s Dovish Outlook Spurs Positive Investor Sentiment; Oil Prices See Minor Declines • IH Market News • 03/21/2024 11:26:38 AM
- Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates • IH Market News • 03/21/2024 11:17:26 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 08:30:45 PM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- NIKE, Inc. Announces Third Quarter Fiscal 2024 Earnings and Conference Call • Business Wire • 02/22/2024 09:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:33:40 PM
- Nike Workforce Reduction, The Trade Desk Soars 19% on $606 Million Revenue, and Latest News • IH Market News • 02/16/2024 11:08:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/14/2024 03:36:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:31:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:29:17 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM