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Wedbush initiates coverage on Nike (NYSE:NKE) with a Neutral rating and $56 price target. The...

Feb. 12, 2013 7:30 AM ETNIKE, Inc. (NKE) StockNKEBy: Clark Schultz, SA News Editor
Wedbush initiates coverage on Nike (NYSE:NKE) with a Neutral rating and $56 price target. The firm thinks staying on the sidelines through a tough comp period in the spring and summer may be prudent, but likes the long-term potential for the company's international business.

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