Stock values increasing and decreasing in value
Markets

Nike’s Target, Estimates Raised at Citigroup (NKE)

Athletic footwear and apparel maker Nike, Inc. ( NKE ) on Wednesday saw its price target and earnings estimates boosted by analysts at Citigroup.

The firm maintained its "Buy" rating on NKE and raised its price target to $95. That new target implies a 9% upside to the stock's Tuesday closing price of $87.19.

Citigroup also boosted its earnings estimates for the company through 2012, noting Nike continues to benefit from rising shoe demand.

Nike shares were mostly flat in premarket trading Wednesday.

The Bottom Line

We have been recommending shares of Nike ( NKE ) since Nov.24, 2010, when the stock was trading at $85.26. The company has a 1.42% dividend yield, based on last night's closing stock price of $87.19.

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 .

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

Created by Dividend.com


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

In This Story

NKE

Other Topics

Stocks

Latest Markets Videos