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Wednesday, 26 December 2012

NKE Stock Rating Buy Price target $110.00 by Janney Capital

NKE Stock Rating Buy Price target $110.00 by Janney Capital : Janney Capital cut shares of NIKE (NYSE: NKE) from a buy rating to a neutral rating in a research report sent to investors on Friday morning. The firm currently has $110.00 price target on the stock.



Several other analysts have also recently commented on the stock. Analysts at ISI Group reiterated a buy rating on shares of NIKE in a research note to investors on Friday. They now have a $120.00 price target on the stock, up previously from $100.00. Separately, analysts at JPMorgan Chase reiterated a neutral rating on shares of NIKE in a research note to investors on Friday. They now have a $100.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Canaccord Genuity raised their price target on shares of NIKE from $94.00 to $100.00 in a research note to investors on Friday. They now have a hold rating on the stock.
Shares of NIKE traded up 0.48% during mid-day trading on Friday, hitting $105.60. NIKE has a one year low of $85.10 and a one year high of $114.81. The company has a market cap of $47.362 billion and a P/E ratio of 23.66.

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