Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

Salomon Upgrades Nike to 'Buy'

Salomon Smith Barney upgraded Nike (NKE) to buy from outperform.

Analyst Carol Murray says fourth quarter earnings per share results exceeded her $0.73 EPS estimate. She notes the upside was driven by stronger sales growth and an increase in gross margins. She says results indicate the company is building a more profitable business model. As a result, it raised the fiscal 2003 (May) EPS estimate to $2.86 and initiated a $3.25 fiscal 2004 EPS estimate. Murray has a $68 price target.

blog comments powered by Disqus