Bernstein Cuts Nike Target to $45 But Keeps Buy Rating
Bernstein analyst Aneesha Sherman has reiterated her buy rating on Nike (NKE.US) but lowered the target price from $68 to $45. Despite the reduction, Sherman maintains confidence in the stock’s long-term potential.
According to data from TipRanks, Sherman has a success rate of 37.8% and an average return of -0.9% over the past year. These metrics reflect her performance based on TipRanks' virtual portfolio calculations.
TipRanks provides analyst rankings on a scale of 1 to 5 stars, with Sherman’s performance evaluated accordingly. The platform emphasizes that this information is for informational purposes only and does not constitute investment advice.
The adjusted target price suggests a more cautious outlook, though the buy rating indicates continued optimism about Nike’s future prospects.