Nike Target Lifted; Bank of America Confident of Outlook - NewsBreak

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By Faria in Business
Updated 2 years ago

Bank of America raised its price target for athletic shoe/apparel juggernaut Nike Thursday to $170 from $160, keeping its neutral rating. Adidas's ADDYY mixed third-quarter earnings report Wednesday "provided incremental visibility on two key debate topics for Nike: the global sportswear supply chain and the recovery in China," Bank of America...