Nike (NKE) Expects To Hit $50B In Revenue Next Year

<p>Nike (NKE) had a broad based beat on revenues and margins, says Simeon Siegel of BMO Capital Markets. Nike is raising an impressive multi-year model algorithm, he adds. He points out that digital growth continues and wholesale returns. BMO has an outperform on Nike and raises its price target from $160 to $174.</p><p><br></p>