In a report published Monday, Credit Suisse analyst Christian Buss reiterated an Outperform rating on Nike Inc. (NYSE: NKE), but lowered the price target from $102.00 to $99.00.
In the report, Credit Suisse noted, "Heading into Nike's F3Q15, we have increased conviction in the company's ability to drive solid EPS growth into FY16 through: 1) continued market share capture in the U.S.; 2) strong demand trends in China; and 3) benefits from Western Europe's restructuring initiatives and subsequent EBIT margin recapture. We model for mid to high single digit topline and double-digit EPS growth (3Q $0.83, consensus $0.86; FY15 $3.53, consensus $3.57). F/X will be an incremental drag mostly driven by a weaker Euro and Real. We maintain our Outperform rating but lower our TP to $99 from $102."
Nike closed on Friday at $95.81.
Latest Ratings for NKE
| Jan 2015 | JP Morgan | Maintains | Overweight | |
| Dec 2014 | Argus Research | Maintains | Buy | |
| Dec 2014 | Citigroup | Maintains | Buy |
View More Analyst Ratings for NKE
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