Nike: Susquehanna reiterates positive rating.
(CercleFinance.com) - Susquehanna on Monday affirmed its positive rating on Nike, along with its target price of 64 dollars, saying that the US footwear maker's most recent initiatives will drive top line growth and margins.
The brokerage firm thinks the fruits of the direct-to-consumer strategy, the Amazon partnership and the upcoming NBA partnership will be felt in the third-quarter of fiscal year 2018, which will end in March 2018, with opportunities to increase margin materially beginning in fiscal year 2019, which will begin in the summer of 2019.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The brokerage firm thinks the fruits of the direct-to-consumer strategy, the Amazon partnership and the upcoming NBA partnership will be felt in the third-quarter of fiscal year 2018, which will end in March 2018, with opportunities to increase margin materially beginning in fiscal year 2019, which will begin in the summer of 2019.
Copyright (c) 2017 CercleFinance.com. All rights reserved.