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No Crying Jordans At Jefferies: Nike Still A Long-Term Winner
Wednesday, June 29, 2016 - 8:26am | 282Nike Inc (NYSE: NKE) reported its 4Q EPS marginally ahead of expectations. While the company does face some near-term headwinds, the stock deserves to trade at “a more premium multiple” in the long term, Jefferies’ Edward Plank said in a report. He reiterated a Buy rating for...
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Jefferies Previews Nike's Q4 Results, Maintains Buy
Tuesday, June 21, 2016 - 9:53am | 308Jefferies’ Edward Plank believes the correction in Nike Inc (NYSE: NKE) shares “reflects the NT pressure points, and now presents an even more attractive buying opportunity as the PE multiple has contracted to below 3-year avgs.” Plank reiterated a Buy rating on the company, while...
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Jefferies Has Further Confidence In Coach's Turnaround Story
Thursday, June 2, 2016 - 4:38pm | 347Jefferies hosted a meeting with Coach Inc (NYSE: COH)’s management on Wednesday and left feeling confident in the company’s turnaround story. Consequently, analysts led by Randal J. Konik and Edward Plank reiterated a Buy rating and $51 price target on the stock. According to a note...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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Nike Lures Away UA Designer Of Steph Curry Shoe; Jefferies Sees As Tactical Win
Tuesday, March 22, 2016 - 8:40am | 118Jefferies' Edward Plank maintained a Buy rating for Nike Inc (NYSE: NKE), with a price target of $76. The analyst views the luring away of a top designer of a rival firm as a tactical win for the company. News reports mentioned that Nike had hired Dave Dombrow, one of the top footwear designers of...
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2 Stocks Jefferies Just Downgraded; Should You Be Concerned?
Friday, November 6, 2015 - 11:56am | 578Men's Wearhouse Inc (NYSE: MW) shares have plumged 45 percent in the last one month, while shares of Skullcandy Inc (NASDAQ: SKUL) are down 14 percent over the same period. Jefferies analysts downgraded the ratings on both the companies from Buy to Hold, while reducing their price...
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Why Jefferies Likes Nike After Earnings
Friday, June 26, 2015 - 1:36pm | 384It seems like almost everyone was surprised by Nike Inc (NYSE: NKE)’s earnings, reported on Thursday afternoon. Even the most bullish estimates pointed to earnings below $0.90 per share, but they finally came in at $0.98 per share, up 25 percent year-over-year. The Rating Following the...