Barclays Lowers Nike Target Price to $37 but Keeps Buy Rating

Barclays analyst Adrienne Yih has maintained her buy rating for Nike (NKE.US) but has lowered the target price from $48 to $37. This adjustment reflects a notable change in the analyst's outlook for the sportswear giant.

According to TipRanks data, Yih has a success rate of 44.6% and a total average return of 2.7% over the past year. These metrics are based on the performance of the analyst's recommendations tracked by TipRanks' virtual portfolio.

TipRanks, an independent third-party platform, provides analysis data from financial analysts and calculates metrics such as success rates and average returns. The information is intended for informational purposes only and should not be considered an investment recommendation.

The success rate is determined by the number of successful ratings divided by the total number of ratings over the past year. A successful rating is one where the TipRanks virtual portfolio earned a positive return from the stock. The total average return is the average rate of return earned by the virtual portfolio based on the analyst's recommendations.