Canaccord is initiating coverage on Nike (NKE) with a Hold: while calling Nike "a leader in...

|By:, SA News Editor

Canaccord is initiating coverage on Nike (NKE) with a Hold: while calling Nike "a leader in innovation," Canaccord is worried about gross margin pressures affecting profitability until at least Q4 2012, and likely 2013. Sporting goods chain Hibbett Sports (HIBB) is also started as a Hold, with optimism about margin expansion offset by concerns about top-line growth.