Nike: Susquehanna still a buyer, sticks to target price
(CercleFinance.com) - On Friday an analyst at Susquehanna confirmed a "positive" opinion about the Nike share.
"Despite weaker than expected 4Q20 results and a disappointing 1H21 outlook, NKE continues to position itself for long-term success," the broker says, for which the recent headwinds should not cause the group's potential to be overlooked.
Susquehanna therefore confirms its target price of 130 dollars for the share (28% upside potential).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Despite weaker than expected 4Q20 results and a disappointing 1H21 outlook, NKE continues to position itself for long-term success," the broker says, for which the recent headwinds should not cause the group's potential to be overlooked.
Susquehanna therefore confirms its target price of 130 dollars for the share (28% upside potential).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.