Nike (NKE) Remains in a Positive Light at Buckingham

Buckingham Research maintains Buy on Nike (NYSE: NKE) price target of $75.00.

Analyst Eric Tracy comments "We are constructive on the LT fundamental positioning (+MSD rev growth, +mid-teens EPS growth over next 5 years), based on: 1) multiple levers of global growth, 2) product innovation pipeline refresh that should gain traction in 2H18/scale in FY19, helping to 3) stabilize/reset NA market, re-take share in a structurally changing landscape, 4) margin accretive DTC/Int’l mix shift, 5) ManRev that will be LT game changer for model and 6) industry leading balance sheet/FCF/ROIC."

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $66.39 yesterday.

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