NIKE Stock Downgraded by JPMorgan Chase & Co.
Nike's stock has been downgraded to 'underweight' by JPMorgan Chase & Co., with a price target of $40.00, suggesting a potential downside of 6.18% from its current price.
This is not the first time Nike's stock has received a downgrade; several other research firms have reduced their price targets for the company in recent weeks.
Nike reported a Q4 beat, with earnings per share coming in at $0.20, but analysts remain cautious about the company's core business.