Telsey Advisory Cuts Nike Target Price to $44 Amid Cautious Outlook

Telsey Advisory analyst Joe Feldman has maintained his hold rating on Nike (NKE.US), but reduced his target price from $80 to $44. The decision comes after a thorough review of the company's financials, and is part of the analyst's ongoing coverage of Nike.

Feldman's revised target price reflects a more cautious outlook for the company, but does not necessarily indicate a loss in confidence in Nike's underlying fundamentals.

As an experienced analyst with a success rate of 49.8% and a total average return of 4.6% over the past year, Feldman's rating carries significant weight in the financial community.