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WILL NIKE'S STOCK BEGIN MOVING UP AGAIN?
Published April 12, 1995
Despite Michael Jordan's return to the NBA, the current issue of FORBES reports that Nike Inc.'s stock has been stuck around 75 since mid-December. But Kemper Securities analyst Kevin Dukesherer thinks Nike's stock will soon start moving upwards again. "Order momentum was strong for basketball," even before Jordan's return. Dukesherer also notes that Nike's expenses are declining while its inventories "are in good shape." He sees the stock "flying as high as" $99 over the next 12 months, which is 32% above its recent price (Thomas Jaffe, FORBES, 4/24 issue).