JPMorgan analyst Matthew Boss lowered the firm’s price target on Nike (NKE) to $86 from $100 and keeps an Overweight rating on the shares. The firm adjusted retail estimates following its Global Luxury and Brands Conference in Paris.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Under Armour Stock (UAA) Falls on News of Break-Up with Basketball Star Steph Curry
- Wells Fargo Upgrades Nike Stock (NKE) to ‘Buy’ on Improving Visibility
- Midday Fly By: Disney reports mixed Q4, Sealed Air in PE sights
- Nike upgraded, Dollar Tree downgraded: Wall Street’s top analyst calls