UBS Sees Revenue Upside for Nike, BWLD Price Target Lowered, Western Union New Price Target at $24

Nike Inc.(NYSE:NKE): UBS continues to see revenue upside for Nike given new product innovation, new businesses, and an accelerating digital strategy. The firm said the most visible catalysts are new footwear innovation for the London Olympics, the recently acquired NFL license, and new digital sports programs. Shares are Buy rated.

Buffalo Wild Wings Inc.(NASDAQ:BWLD): Deutsche Bank raised its estimates and price target for Buffalo Wild Wings following the company’s better than expected Q4 results and maintains a Buy rating on the stock. Jefferies views the weakness in Western Union shares following the company’s 2012 guidance as a buying opportunity. The firm lowered its price target for shares to $23 from $24 but finds the valuation attractive at current levels.

Western Union Co.(NYSE:WU): Citigroup believes Western Union reported solid Q4 results and thinks the company’s guidance for 2012 appears conservative. The firm recommends buying shares of Western Union on any weakness post the earnings release and raised its price target for shares to $24 from $23.

Joy Global, Inc.(NASDAQ:JOY): UBS removed Joy Global from its Key Call List citing a less certain outlook for U.S. thermal coal. Shares remain Buy rated.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com