City Reiterates Buy Rating On Nike

According to Citi, Nike NKE Buy rating is reiterated. Citi said that Nike will report its 4Q11 Results around 4:15pm on 6/27 with a conference call at 5pm. “We reiterate our Buy as we believe NKE has long-term growth with renewed apparel growth, innovation driving footwear sales, strong ability to increase ASPs, direct-to-consumer strength, & supply chain/efficiencies.” Nike closed on Friday at $81.18.