NKE - Driving Nike's Competitive Edge: Analyst Highlights Industry-Leading Growth And Ad Spend | Benzinga
BMO Capital Markets analyst Simeon Siegel reiterated the Outperform rating on Nike, Inc. (NYSE: NKE), with a price target of $110.
Siegel thinks NKE's size and budget prove a key long-term competitive advantage.
The brand has no parallel in history when it comes to N.A. size/scope. With a leading ad budget fueling industry-leading dollar growth, the analyst expects ongoing gains for Nike.
The $110 target price is based on ~26x of the analyst's ...