TD Cowen lowered the firm’s price target on Nike (NKE) to $65 from $75 and keeps a Hold rating on the shares. The firm said Q3 EBIT and EPS beat relative to consensus is overshadowed by weak Q4 Sales and EPS guidance.
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Read More on NKE:
- Nike price target lowered to $66 from $67 at RBC Capital
- Nike price target lowered to $92 from $95 at BMO Capital
- Morning Movers: FedEx, Nike headline dip in corporate outlooks
- Nike price target lowered to $82 from $90 at Truist
- Nike’s Strategic Cleanup and Market Reestablishment: A Buy Recommendation Amid Short-Term Challenges
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