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Nike (NKE) Stock Up, Baird: Anticipate 'Relatively In-Line' Q1 Results

NEW YORK (TheStreet) -- Shares of Nike (NKE) were higher in late-afternoon trading on Thursday as Baird analysts said they expect the sportswear retailer to report "relatively in-line" results for the fiscal 2017 first quarter.

Nike is expected to post first quarter earnings after Tuesday's market close.

The firm said it's received "significant pushback" to its positive stance on Nike, due to increased competition from Adidas (ADDYY). While Adidas may pose a short-term headwind, the firm noted that Nike remains on track to achieve full-year targets.

"We anticipate a relatively in-line FQ1 and reiteration of full-year targets, though we acknowledge Nike may not give an 'all-clear' signal relative...