RBC Capital Scales Back Nike Target Price to $40

RBC Capital analyst Piral Dadhania has maintained his hold rating for Nike (NKE.US) but adjusted its target price downward to $40. This change comes after a thorough review of the company's performance.

The analyst's past performance has been somewhat underwhelming, with a success rate of 31.7% and a total average return of -8.4% over the past year, according to data from TipRanks.

Nike's stock price is currently subject to fluctuations based on market trends and investor sentiment.