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SEPTEMBER 21, 2005 -- The Golf Warehouse, the world's largest golf e-tailer at www.tgw.com , will serve as the exclusive Internet golf retail store for the new Bobby Jones Golf Players Series woods by legendary club designer Jesse Ortiz. These high-performance men's and women's golf clubs ($180 to $300 for men, $150 to $250 for women) are now available online only at TGW.com.

Adidas-Salomon's divestiture of the Salomon business segment to Amer Sports Corp., announced on May 2, is now anticipated to be completed in mid-October, instead of the end of September as expected earlier. The change is due to the EU competition authorities' revised processing schedule and will not impact the financial terms of the transaction. Consolidation of the Salomon business segment within the Adidas-Salomon Group is still expected to end on September 30.

Hilliard Lyons upgraded Nike from neutral to long-term buy. Jyske Bank maintained a buy rating on Nike. The target price is set to $103. The analysts mentioned that although the high energy prices are likely to exert pressure on US consumption, the company's performance is unlikely to be significantly impacted. The analysts expect Nike to achieve 15% earnings growth in '06. McAdams Wright Ragen maintained a buy rating on Nike. The target price is set now $100. Mitch Kummetz of DA Davidson reiterated his buy rating on Nike, while raising his estimates for the company. The 12-18 month target price has been raised from $106 to $107. The five-year target price has been raised to $167. He said the company has reported its 1Q06 EPS significantly ahead of the estimates. Nike's future orders rose by 11% to $4.9 billion during the quarter, DA Davidson said. The EPS estimates for FY06 and FY07 have been raised to $5.11 to $5.20 and from $5.56 to $5.65, respectively. Susquehanna Financial raised its FY06 EPS estimate to $5.30 from $5.10 and its FY07 EPS estimate to $5.85 from $5.65. This represents an EPS growth rate of 10.5%, which it believes is readily achievable by the company.


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Categories
Sporting goods industry
Golf
Securities

Companies
Ortiz SA
Adidas AG
Amer Sports Corp.
Adidas-Salomon Group
Hilliard Lyons Inc.

Concepts
target price
buy rating
energy prices
revised processing schedule
exclusive Internet golf retail

People
Bobby Jones
DA Davidson
McAdams Wright Ragen





 Breaking Headlines
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Timberland Expands Anti-Counterfeiting Measures
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