Argus upgrades Nike to Buy, sees recovery ‘underway’

Argus upgraded Nike (NKE) to Buy from Hold with an $85 price target The recovery in the stock is underway as the company is utilizing the e-commerce channel to improve pricing, the analyst tells investors in a research note. Following Nike’s efforts to clear its inventory in the second half of FY25, most of Nike’s products are “up to date and attracting customers”, Argus notes, adding that the firm expects the company to dominate the athletic apparel and footwear markets longer term.