Nike's earnings told us the bottom is in, says Evercore's Michael Binetti

and profits to declines to moderate. Joining us right now is Michael Binetti. He is Evercore ISI research analyst.Overnight he raised his price target on Nike to $90 a share from $75. And Michael, that's pretty significant gain or rise in your price target. This what you heard from them was enough to allay a lot of the fears that people had going into this.>> It sure was. They've been working very hard to clean out a bunch of their classic products that Jordan won the dunk, the Air Force one that just got r ...