NEW YORK (TheStreet) -- Shares of Nike Inc. (NKE) are down -0.81% to $74.49 after Deutsche Bank (DB) trimmed its fiscal year 2015 earnings forecast by 5 cents to $3.26, citing a tough macro economic environment.
Deutsche Bank maintained its "buy" rating and $85.00 price target, and did not change its fourth quarter forecast.
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Nike reports fourth quarter results following the close of trading on June 26.
TheStreet Ratings team rates NIKE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate NIKE INC (NKE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."