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Jefferies Maintains Their Buy Rating on Nike (NKE)

In a report released yesterday, Randal Konik from Jefferies maintained a Buy rating on Nike (NKEResearch Report), with a price target of $200.00. The company’s shares closed last Thursday at $144.82.

According to TipRanks.com, Konik is a 5-star analyst with an average return of 12.2% and a 60.5% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, Brilliant Earth Group, and Lululemon Athletica.

Currently, the analyst consensus on Nike is a Strong Buy with an average price target of $187.19, representing a 30.0% upside. In a report issued on February 1, Wells Fargo also maintained a Buy rating on the stock with a $175.00 price target.

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Based on Nike’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $11.36 billion and net profit of $1.34 billion. In comparison, last year the company earned revenue of $11.24 billion and had a net profit of $1.25 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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