Nike Stock Ratings Plummet with Price Targets Between $19 to $60

Nike (NKE.US) has seen updates to its ratings from major Wall Street analysts. The price targets for the company's stock range from $19 to $60, with a notable forecast suggesting a significant drop.

Morgan Stanley analyst Alexandra Straton maintains a sell rating and adjusts the target price from $31 to $27, while J.P. Morgan analyst Matthew Boss also keeps his sell rating but reduces the target price from $40 to $33. Similarly, BofA Securities analyst Lorraine Hutchinson has a sell rating with an adjusted target price of $24 from $30.

In contrast, Jefferies analyst Randal Konik maintains a buy rating and adjusts the target price from $75 to $60. BMO Capital analyst Kelly Crago also keeps her sell rating but reduces the target price from $30 to $25.