Nike: one of sharpest risers on Dow Jones
(CercleFinance.com) - The Nike stock posted one of the largest risers in the Dow Jones on Tuesday on Wall Street (+1.
5% in early trading), driven by a broker raising its target price for the stock.
Susquehanna - which has a "positive" opinion of the sports equipment maker - announced this morning that it had raised its target price for the share from 100 dollars to 130 dollars, after raising its earnings estimates for the group.
The broker believes that the Beaverton (Oregon) based group could recover quickly after the Covid-19 episode thanks to the strength of its brand, its progress in digital technology, the loyalty of its customers and its capacity for innovation.
Susquehanna therefore recommends investors to hold the stock in anticipation of Thursday's quarterly publication.
In addition to its rise today, it has increased by over 58% over the past three months, against a pretty flat Dow Jones (up about 1%).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5% in early trading), driven by a broker raising its target price for the stock.
Susquehanna - which has a "positive" opinion of the sports equipment maker - announced this morning that it had raised its target price for the share from 100 dollars to 130 dollars, after raising its earnings estimates for the group.
The broker believes that the Beaverton (Oregon) based group could recover quickly after the Covid-19 episode thanks to the strength of its brand, its progress in digital technology, the loyalty of its customers and its capacity for innovation.
Susquehanna therefore recommends investors to hold the stock in anticipation of Thursday's quarterly publication.
In addition to its rise today, it has increased by over 58% over the past three months, against a pretty flat Dow Jones (up about 1%).
Copyright (c) 2020 CercleFinance.com. All rights reserved.