Nike Receives a Buy from Susquehanna

By Jason Carr

In a report released today, Sam Poser from Susquehanna reiterated a Buy rating on Nike (NYSE: NKE), with a price target of $64. The company’s shares closed yesterday at $53.17.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.5% and a 55.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Deckers Outdoor, and Steven Madden.

Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $60.09, representing a 13.0% upside.

In a report issued on June 16, Robert W. Baird also maintained a Buy rating on the stock with a $62 price target.

The company has a one year high of $60.33 and a one year low of $49.01. Currently, Nike has an average volume of 9.35M.

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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.