RBC Capital Lowers Nike Price Target to $40.00 Amid Cautious Outlook

Nike Inc. (NKE) has seen its price target lowered by RBC Capital to $40.00 while maintaining a 'Sector Perform' rating, according to GuruFocus.

This adjustment reflects an 11.11% decrease from the previous target of $45.00 and is part of a broader trend with several analysts lowering their targets for Nike in recent months.

Nike's GF Value indicates that it is significantly undervalued at its current price of $36.39, presenting a margin of safety for potential investors.