Markets

Consumer Sector Update for 12/23/2015: BBBY, NKE

Top Consumer Shares:

WMT: flat

MCD: +1.4%

DIS: +0.5%

CVS: flat

KO: flat

GE: +0.6%

Consumer shares were mixed ahead of the opening bell Tuesday.

In consumer stocks news, Bed Bath & Beyond ( BBBY ), a retailer selling domestics merchandise and home furnishings, saw its price target lowered to $52 from $65 by Telsey Advisory Group, while the firm retained its market perform rating on the stock.

Shares in the company were 6.2% lower at $48.15. This is below the company's 52-week trading range low of $49.98.

And Nike ( NKE ) shares soared to a new 52-week higher after second-quarter earnings and revenue both rose from the same timeframe a year earlier.

Revenue rose 4% to $7.68 billion, but was still below analyst estimates of $7.8 billion. Earnings increased 22% to $0.90 per share, better than forecasts for $0.86 per share.

Shares in the company were 3.3% higher at $136.26 in recent, pre-market trade. This is higher than the stock's 52-week trading high of $135.30.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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