This morning, Credit Suisse lowered its earnings estimates on shares of Nike (NYSE:NKE) through 2012 as higher costs are impacting earnings at the company. Credit Suisse set 2011 EPS estimates at $4.35 per share and 2012 estimates at $4.85 per share. In the report, the firm maintained its outperform rating and its $100 price target.
Shares of Nike were sharply lower on Wednesday, falling 5.7% so far.
And UBS lowered its EPS estimates on shares of Xilinx (NASDAQ:XLNX) through 2013 on concerns of delays coming from Europe. In the report, UBS maintained its neutral rating and its $28 price target.
Shares of Xilinx were falling on Wednesday, losing 2.75% today.
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