Citigroup lowered its price target for Nike shares to $98 from $123 citing the company's disappointing Q4 results and FY13 guidance, but believes Nike is still a high quality growth story to own. Citi points out Nike reiterated its five-year revenue target of $28B-$30B by 2015. The firm finds the stock compelling at current levels and keeps a Buy rating on the name.
Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, …