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291220 nike

Morgan Stanley raised its target price for sportswear and footwear maker Nike Inc. (NYSE: NKE) to $ 176 from $ 165. On December 18, Nike presented financial statements for the 2nd quarter of the 2021 fiscal year, which ended on November 30. Revenue was $ 11.2 billion, up 9% over the previous year. This is due to growth in all regions, primarily due to revenue growth in China by 24%. The company expects e-commerce to account for about half of Nike's sales in the near future. On Monday, December 21, the issuer's shares rose 4.91%, adding 0.33% in pre-market on Tuesday.

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