UBS raised the rating and target price of Nike

UBS raised the rating and target price of Nike

Beijing on December 14 morning news, Nike (NKE) shares on Monday after hitting a new 52-week high, because an analyst at UBS raised its nike air max 90 stock rating and target price, mainly based on the company's order growth and the increase in profit potential.

UBS analyst Michael - more than Nettie (Michael Binetti) said that in the United States, Western Europe and China, including market, Nike's orders have been stronger than expected, and is likely to double-digit growth. He also said orders for the second quarter trend of better than expected. Nike he expected from the second quarter earnings of 86 cents per share, raised to 90 cents.

Than Nettie said in a research note: "We believe that the expected increase in earnings per share and continued double-digit orders nike air max 24-7 growth prospects will be a positive factor for the stock." He will be Nike's rating from "neutral" increase to "buy" and the company's target price is raised from 84 cents to 100 dollars.

Earlier in the day, the stock hit $ 90.48 was a 52-week high.

China Youth Development Foundation and the Nike Sports (China) Co., Ltd. launched the "Love beyond the" public welfare projects. Project aims to encourage young people through sport to hands-on and address their social and environmental issues of concern. Activities will be selected team of 100 applications, 10,000 yuan for each team for maximum project grant.

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