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