NIKE: Color On Quarter
- B. Riley FBR, Inc. reiterates Neutral rating, ups PT from 53 to 61. The firm likes Nike's innovation pipeline, int'l runway, and LT margin catalysts, but remain on sidelines and look for improved rev growth, margin execution, and lower inventory growth.
- Stifel reiterates Buy w/ 74 PT. With evidence of firming fundamentals and upside capacity to consensus estimates, the firm continues to view NKE shares as a solid core holding for growth investors
- Telsey maintains Outperform rating w/ 68 PT. The firm continues to believe that product innovation can drive an inflection in NA sales, while stronger gross margins and less F/X headwinds can drive bottom line growth and stock price appreciation, aided by multiple expansion. Longer-term, the firm continues to believe in the strength of the Nike brand and its ability to create value with ROIC of 30%+.