HSBC Slashes Nike Price Target to $40

HSBC analysts have lowered their price target for Nike (NYSE:NKE) to $40.00, representing a potential upside of 13.03% from its previous close.

This decision comes as part of a broader trend in analyst views on the company, with several other brokerages issuing reports on NKE in recent weeks.

Telsey Advisory Group set a target price of $44.00 and gave Nike a 'market perform' rating, while BMO Capital Markets initiated coverage with an 'underperform' rating and a price target of $30.00.