Baird Downgrades Nike to Hold, Cuts Target Price to $44

Nike (NKE.US) has been downgraded to a hold rating by Baird analyst Jonathan Komp, who also reduced his target price for the company from $93 to $44. According to TipRanks data, Komp has a success rate of 52.1% and an average total return of 14.2% over the past year.

Komp's downgrade is based on various factors, but the exact reasoning behind it is not explicitly stated in the source. The analyst's rating and target price adjustments are available for viewing through TipRanks, which provides analysis data from financial analysts and calculates their performance metrics.