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Nike (NKE) Receives a Hold from J.P. Morgan

Tipranks - Tipranks - Tue Apr 14, 4:42AM CDT

J.P. Morgan analyst Matthew Boss maintained a Hold rating on Nike today and set a price target of $52.00.

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According to TipRanks, Boss is a 4-star analyst with an average return of 5.5% and a 51.12% success rate. Boss covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, Royal Caribbean, and Five Below.

In addition to J.P. Morgan, Nike also received a Hold from HSBC’s Erwan Rambourg in a report issued today. However, on April 9, Bernstein maintained a Buy rating on Nike (NYSE: NKE).

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Based on Nike’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $11.28 billion and a net profit of $520 million. In comparison, last year the company earned a revenue of $11.27 billion and had a net profit of $794 million

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