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J.P. Morgan Reaffirms Their Buy Rating on Nike (NKE)

J.P. Morgan analyst Research Report) today and set a price target of $130.00. The company’s shares closed yesterday at $110.11.

According to TipRanks, Boss is a 3-star analyst with an average return of 1.3% and a 50.14% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as American Eagle, Bath & Body Works, and Nike.

In addition to J.P. Morgan, Nike also received a Buy from Guggenheim’s Robert Drbul in a report issued on July 29. However, yesterday, BNP Paribas downgraded Nike (NYSE: NKE) to a Hold.

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Based on Nike’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $12.23 billion and a net profit of $1.44 billion. In comparison, last year the company earned a revenue of $12.34 billion and had a net profit of $1.51 billion

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NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

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