Lending support to his choice, First Horizon, on July 15, posted better-than-expected second-quarter results. The company posted adjusted earnings of 54 cents per share, beating market estimates of 52 cents per share.Mizuho analyst Vijay Rakesh, on Monday, maintained Cerebras with an Outperform rating and raised the price target from $300 to $310.In the U.S., Nike’s rivals include Adidas, Hoka and New Balance. Abroad, the company competes with Puma in Germany, On in Switzerland, and Asics in Japan.On the earnings front, Nike, on June 30, posted fourth-quarter revenue of $10.97 billion, beating analyst estimates of $10.86 billion, according to Benzinga Pro. The apparel company reported adjusted earnings of 20 cents per share for the period, beating analyst estimates of 13 cents per share.Price Action
Cerebras shares fell 5.3% to settle at $188.61 on Monday.
First Horizon shares slipped 0.2% to close at $25.48 during the session.
Nike shares gained 1.1% to settle at $42.14 on Monday.
