Barclays analyst Adrienne Yih maintains Nike (NYSE:NKE) with a Overweight and lowers the price target from $142 to $114.
Barclays analyst Adrienne Yih maintains Nike (NYSE:NKE) with a Overweight Read Post »
Barclays analyst Adrienne Yih maintains Lululemon Athletica (NASDAQ:LULU) with a Overweight and lowers the price target from $610 to $546.
Nike (NKE) reported fiscal Q3 earnings late Thursday of $0.77 per diluted share, down from $0.79 a year earlier. Analysts polled by Capital IQ forecast $0.71. Revenue for the quarter ended Feb. 29 was $12.43 billion, up from $12.39 billion a year earlier. Analysts surveyed by Capital IQ projected $12.30 billion. Shares of Nike slumped 6.6% in premarket activity Friday.
Nike Fiscal Q3 Earnings Decline, Revenue Rises; Shares Drop Premarket Read Post »
Barclays analyst Manav Patnaik downgrades FactSet Research Systems from Overweight to Equal-Weight and lowers the price target from $480 to $460.
Lululemon Athletica’s (LULU) shares slumped almost 13% in premarket activity Friday after the company’s guidance for sales and earnings for fiscal Q1 and the full financial year lagged the market’s expectations. The company reported fiscal Q4 net income late Thursday of $5.29 per diluted share, up from $0.94 a year earlier. Analysts polled by Capital IQ expected $5.03. Net revenue in the quarter ended Jan. 28 was $3.21 billion, up from $2.77 billion a year earlier. Analysts surveyed by Capital IQ expected $3.20 billion. The company expects fiscal Q1 diluted earnings of $2.35 to $2.40 a share on revenue of $2.18 billion to $2.20 billion. Analysts surveyed by Capital IQ expect EPS of $2.60 on revenue of $2.26 billion. The company expects full-year adjusted diluted earnings of $14 to $14.20 a share on revenue of $10.70 billion to $10.80 billion. Analysts surveyed by Capital IQ expect EPS of $14.29 on
TD Cowen analyst John Kernan maintains Lululemon Athletica with a Outperform and lowers the price target from $553 to $515.
TD Cowen analyst John Kernan maintains Lululemon Athletica with a Outperform Read Post »
Barclays analyst Brandon Oglenski maintains FedEx with a Overweight and raises the price target from $310 to $350.
Barclays analyst Brandon Oglenski maintains FedEx with a Overweight Read Post »
Goldman Sachs analyst Brooke Roach maintains Nike with a Buy and lowers the price target from $135 to $120.
Goldman Sachs analyst Brooke Roach maintains Nike with a Buy Read Post »
Nike (NKE) received an investment rating downgrade on Friday to sector perform from outperform from RBC Capital Markets, which said the athletic footwear and apparel company’s latest guidance implies no revenue growth in 2024 and thus “leaves little to play for in the near term.” RBC also lowered its price target on Nike’s stock to $100 per share from $110. The shares, which closed Thursday’s session at $100.82 each, fell 6.5% to $94.25 in recent Friday pre-market activity amid disappointment over the guidance. After Thursday’s market close, Nike released better-than-expected results for its fiscal Q3 ended Feb. 29. However, on a conference call after the report, Chief Financial Officer Matthew Friend said Nike is “prudently planning” for sales to be down by “low single digits” for the first six months of the next fiscal year, according to a company transcript. Friend cited “near-term headwinds from lifecycle management of key product
Wedbush analyst Nick Setyan maintains Chipotle Mexican Grill with a Neutral and raises the price target from $2400 to $2850.
Wedbush analyst Nick Setyan maintains Chipotle Mexican Grill with a Neutral Read Post »
Needham analyst Charles Shi reiterates Synopsys with a Buy and maintains $660 price target.
Needham analyst Charles Shi reiterates Synopsys with a Buy Read Post »
Morgan Stanley Lifts Price Target on FedEx to $210 From $195 Amid Fiscal Q3 Earnings Beat, $5 Billion Buyback Plan; Equalweight Kept。
Morgan Stanley Lifts Price Target on FedEx to $210 From $195 Read Post »