Analysts Alter Price Targets on These Consumer Goods Stocks in Mid-December

Stock analysts reiterated ratings in the Consumer Goods sector for the week ending December 16th, 2011 for the following companies:

Nike (NYSE:NKE): Stifel Nicolaus reiterated its rating of Buy for this company and changed its price target from $98 to $108 on Dec 12th. The shares recently traded at $93.38, down $3.57, or 3.68% since the analyst’s rating. About the company: NIKE, Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The Company sells its products worldwide to retail stores, through its own stores, subsidiaries, and distributors. Get the most recent company news and stock data here >>

VeriFone (NYSE:PAY): RBC Capital Mkts reiterated its rating of Sector Perform for this company and changed its price target from $42 to $48 on Dec 15th. The shares recently traded at $34.79, down $2.01, or 5.46% since the analyst’s rating. About the company: VeriFone Systems, Inc. is a global provider of technology that enables electronic payment transactions and value-added services at the point of sale. The Company’s customers include financial institutions, payment processors, petroleum companies, large retailers, government organizations and healthcare companies, as well as independent sales organizations. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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