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-0.000166306336271379 -0.000166306336271379 -0.000748378513221382 -0.000249459504407127 0.0029985032429736 0.00462331614834523 0.00573756860136369 0.00557126226509231
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I Continue to Believe Nike (NKE)'s CEO is a Winner, Says Jim Cramer [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
NIKE, Inc. (NYSE:NKE) is a stock that Jim Cramer frequently discusses. The firm reported its second fiscal quarter earnings on December 18th. The results saw NIKE, Inc. (NYSE:NKE)'s $12.43 billion in revenue and $0.53 in earnings beat analyst estimates of $12.22 billion and $0.38. However, media reports suggested that a 17% drop in Chinese revenue contributed to a post-earnings share price drop. NIKE, Inc. (NYSE:NKE)'s ongoing turnaround is a key factor for debate, and following the earnings, multiple analysts shared their take on the firm. For instance, UBS cut the share price target to $62 from $71 on December 19th and kept a Neutral rating. The bank explained that while NIKE, Inc. (NYSE:NKE) should return to growth eventually, the firm needs more time to adjust its inventory. Joining UBS, BofA also cut the share price target. It reduced NIKE, Inc. (NYSE:NKE)'s target price to $73 from $84 and cited Chinese concerns as the reason. Stifel trimmed the target by $3 to $68 and kept a Show less Read more
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