Citi Leaves Nike Buy, $95 PT Unchanged (NKE)

Citi left its Nike NKE Buy rating and $95 price target unchanged in a research note published today.

In the report, Citi states, " With the stock pulling back below $80 in after hours trading, we view it as a buying opportunity. We like NKE as a LT play on apparel growth, emerging mkt exp, innovation driving footwear sales, strong ability to increase ASPs, DTC strength, & supply chain/efficiencies."

Shares of Nike were trading at $79.24 in pre-market trading at the time of posting, down 7.22% from Thursday's market close.