Credit Suisse Sticks to Their Buy Rating for Nike inc (NKE)

By Ryan Adsit

In a report released today, Michael Binetti from Credit Suisse maintained a Buy rating on Nike inc (NKEResearch Report), with a price target of $112.00. The company’s shares closed last Monday at $91.50.

According to TipRanks.com, Binetti is a 5-star analyst with an average return of 8.3% and a 57.3% success rate. Binetti covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Foot Locker Inc, and Ulta Beauty Inc.

Currently, the analyst consensus on Nike inc is a Moderate Buy with an average price target of $102.39, representing a 10.5% upside. In a report issued on October 10, Oppenheimer also reiterated a Buy rating on the stock with a $115.00 price target.

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Nike inc’s market cap is currently $144.1B and has a P/E ratio of 34.21. The company has a Price to Book ratio of 15.52.

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