Williams Trading raised the firm’s price target on Nike (NKE) to $100 from $73 and keeps a Buy rating on the shares ahead of the fiscal Q1 earnings report in late September. The firm believes Nike’s sales and margins will begin to positively inflect within six weeks. The company’s U.S. marketplace will be largely cleaned up by the end of September, the analyst tells investors in a research note. Williams says full price Air Force One sales are turning positive on a year-over-year basis while U.S. retailers are pleased with the Jordan Retro.
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