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Nike's earnings draw analyst praise as stock rallies

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Raymond James, Wedbush and Oppenheimer analysts praise Nike after the apparel company's quarterly earnings beat Wall Street expectations.

Nike Inc.’s results cheered Wall Street Friday as the stock notched double-digit percentage gains on its stronger-than-expected results and positive outlook.

Meanwhile, Oppenheimer analyst Brian Nagel reiterated an outperform rating on Nike and said the company’s groundwork “is now established to support strengthening sales and margins trends” in coming quarters. Wedbush analyst Tom Nikic reiterated an outperform rating on Nike and said the company’s swooshes are realigning, with a re-acceleration in view for the second half of its fiscal year.

 

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