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Nike Price Target Slashed by JPMorgan Chase & Co. to $33.00

Guavy AI Editorial Team
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JPM NKE
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Nike's (NYSE:NKE) price target has been lowered by analysts at JPMorgan Chase & Co. from $40.00 to $33.00 in a note issued to investors on Friday.

This reduction indicates a potential downside of 0.37% from the company's previous close, according to MarketBeat.com.

JPMorgan Chase & Co.'s new target contrasts with other recent predictions for Nike's stock. Jefferies Financial Group set a $60.00 price target on shares of NIKE in a research note on Friday, while Sanford C. Bernstein reaffirmed an 'outperform' rating and issued a $45.00 target price.

Nike has been experiencing declining revenue, with the company's quarterly earnings results showing a 4.3% year-over-year decrease to $11.21 billion.

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