Nike Analyst Says Nike’s Entry Point Is Best In 20 Years

Courtesy of Benzinga.

On CNBC earlier Wednesday, Evercore ISI analyst Omar Saad said Nike Inc (NYSE: NKE) has “one of the best entry, points for the stock in the last 20 years.”

He followed this bullish commentary saying, “Not only do we believe that recent mishaps are now largely in the rearview mirror, but we were encouraged to hear management’s confidence that North America will return to growth in [the fiscal first quarter] and then accelerate throughout the rest of [fiscal year 2017].”

Related Link: 10 Most Notable Analyst Reactions To Nike’s Earnings

Nike shrugged off concerns of a more competitive landscape, along with Brexit concerns, which make up 25 percent of the company’s revenue. The athletic retailer finished Wednesday’s session up 3.84 percent at $55.13.

Posted-In: Evercore ISI Omar SaadAnalyst Color CNBC Analyst Ratings Media