Goldman Sachs keeps a Buy rating and $85 price target on Nike (NKE) ahead of its Q1 results next week but notes that the firm is “constructive” on the stock. Goldman notes that it expects fundamentals to continue to sequentially improve, adding that while franchise management reset actions are weighing on sales, the firm continues to see emerging greenshoots in sport and strategic priorities such as performance running and women’s apparel, the analyst tells investors in a research note.
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