Stifel Analyst Lowers Nike Target Price to $40

Nike's stock (NKE.US) has been adjusted by Stifel analyst Peter McGoldrick, who maintains a 'hold' rating on the company. The target price for Nike has been lowered from $45 to $40.

According to TipRanks data, McGoldrick has a success rate of 36.5% and an average return of -6.5% over the past year. This indicates that his recommendations have not performed exceptionally well in the past.