Nike (NKE – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on the stock and has a $80.00 price target.
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Lorraine Hutchinson’s rating is based on Nike’s strategic positioning and potential for growth despite current challenges. She highlights the company’s ability to navigate the tariff environment effectively due to its strong negotiating power with vendors and retailers, as well as its pricing strategy. Nike has selectively increased prices on certain products, which could benefit the company if consumers face financial strain.
Additionally, Hutchinson points out that Nike’s wholesale landscape is evolving, with the company poised to benefit from new relationships and regain shelf space as other brands pull back. The anticipated recovery in fiscal year 2026, driven by cleaner inventory and innovation, is expected to lead to a sales inflection. These factors contribute to the Buy rating, as they suggest a positive outlook for Nike’s financial performance moving forward.
In another report released on June 11, Bernstein also assigned a Buy rating to the stock with a $85.00 price target.