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Nike Struggles With Several Headwinds, But Trades At Multiples ‘Last Achieved In 2017’: Analyst

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Shares of Nike Inc (NYSE:NKE) have been on an upward trajectory over the past week, exceeding market returns.  

While challenges persist at Nike, its stock already reflects the pressure on the company’s sales growth and profit expansion over the past several quarters, according to Oppenheimer.

The Nike Analyst: Brian Nagel upgraded the rating for Nike from Perform to Outperform, while raising the price target from $110 to $120.

The Nike Thesis: Having declined 14% year to date, versus the S&P 500’s …

Full story available on Benzinga.com

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