Wall Street Analysts Adjust Nike Ratings and Price Targets
On October 6, major Wall Street analysts updated their ratings for Nike (NKE.US), with price targets spanning from $27.5 to $45. Barclays analyst Adrienne Yih maintained a buy rating but adjusted the target price downward from $48 to $37. Berenberg Bank analyst Nick Anderson downgraded Nike to a sell rating, slashing the target price from $49 to $27.5.
Stifel analyst Peter McGoldrick kept a hold rating on Nike, maintaining the target price at $36. Bernstein analyst Aneesha Sherman also retained a buy rating but reduced the target price from $68 to $45. These adjustments reflect varying perspectives on the company's future performance.
The latest investment ratings and price targets for Nike come from four analysts. TipRanks, an independent third party, provides analysis data from financial analysts and calculates the average returns and success rates of their recommendations. The information presented is intended for informational purposes only.