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Will Nike (NKE) Stock be Affected Today by Credit Suisse Price Target Cut?

2015-03-16 17:57:31| Footwear - Topix.net

"Heading into Nike's third quarter of 2015, we have increased conviction in the company's ability to drive solid earnings growth into the 2016 fiscal year through continued market share capture in the U.S., strong demand trends in China and benefits from Western Europe's restructuring initiatives and subsequent EBIT margin recapture," analysts said. Credit Suisse said it anticipates 9% global futures growth in its third quarter, a slight sequential deceleration from the second quarter's 11%.

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