Cowen & Co. Keeps a Hold Rating on Nike

By Austin Angelo

In a report issued on September 13, John Kernan from Cowen & Co. reiterated a Hold rating on Nike (NYSE: NKE), with a price target of $54. The company’s shares closed on Friday at $53.87.

According to TipRanks.com, Kernan is a 1-star analyst with an average return of -1.3% and a 48.5% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Abercrombie Fitch.

Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $60.25, representing an 11.8% upside.

In a report issued on September 14, FBR Capital also assigned a Hold rating to the stock with a $53 price target.

The company has a one year high of $60.53 and a one year low of $49.01. Currently, Nike has an average volume of 9.01M.

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NIKE, Inc. engages in the design, development, marketing, and sale of sports and lifestyle footwear, apparel, and equipment, accessories and services. Its athletic footwear products are designed primarily for specific athletic use, although a large percentage of the products are worn for casual or leisure purposes.