JPMorgan raised the firm’s price target on Nike (NKE) to $64 from $56 and keeps a Neutral rating on the shares following the Q4 report. The firm’s bottom-up build points to a Q1 constant currency demand trend of down 8%, versus management’s reported mid-single-digit decline guidance, representing sequential underlying demand improvement of only 100 basis points relative to Q4.
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Read More on NKE:
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