BTIG lowered the firm’s price target on Nike (NKE) to $90 from $100 but keeps a Buy rating on the shares ahead of its Q3 earnings on March 31st. The firm notes that while the company’s top line profile still looks muted, it sees incremental underlying progress, particularly in North America and with the Sport Offense, the analyst tells investors in a research note. Nike is taking credible steps in its turnaround while maintaining an unparalleled innovation engine, the firm added.
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