KeyBanc lowered the firm’s price target on Nike (NKE) to $75 from $90 and keeps an Overweight rating on the shares. The firm says that initial turnaround signs are showing but will take time to materialize.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- Nike announces regional leadership transitions
- Jefferies says Yeti ‘largest beneficiary’ among lifestyle brands in Taiwan deal
- Nike price target lowered to $69 from $70 at Truist
- Nike (NKE) Signs Endorsement Deal With Pickleball Athlete
- Nike signs first pickleball deal with Anna Leigh Waters, CNBC says