Citigroup Cuts Nike Price Target Amid Market Uncertainty

Nike Inc's (NKE) stock has seen its price target lowered by Citigroup from $45.00 to $39.00, representing a 13.33% decrease.

This decision reflects a cautious outlook on the company's near-term performance, particularly in light of recent market trends and competition in the athletic apparel sector.

Nike operates as the largest athletic footwear and apparel brand globally, with a diverse range of products sold through various channels, including e-commerce platforms and retail stores worldwide.