Nike’s Estimates, Price Target Raised at Goldman Sachs (NKE)

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Athletic footwear and apparel giant Nike, Inc. (NKE) saw its price target and earnings estimates raised on Thursday by analysts at Goldman Sachs.

Goldman said it now sees shares of NKE now reaching $61. Nike shares had closed at $58.30 on Wednesday. The analyst also boosted its earnings estimates for the company, citing better foreign sales and the weakening U.S. dollar. Goldman maintained its “Neutral” rating on the stock.

Nike shares were mostly flat in morning trading Thursday.

The Bottom Line
We recently added shares of NKE to our “recommended” list back on Sept.17, when the stock was trading at $57.18. The company has a 1.72% dividend yield, based on last night’s closing stock price of $58.30.

Nike, Inc. (NKE) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.