According to Citi, Nike (NYSE:
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.
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