Barclays raised the firm’s price target on Nike (NKE) to $65 from $64 and keeps an Equal Weight rating on the shares as part of a fiscal Q1 earnings preview. The firm expects Nike to beat Q1 estimates with tariff risk understood to pressure the margin outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NKE:
- Nike upgraded to Outperform from Sector Perform at RBC Capital
- Seaport apparel/footwear analyst holds an analyst/industry conference call
- Nike price target raised to $74 from $68 at Citi
- Lululemon, AST SpaceMobile, Dick’s, Iridium, Nike: Trending by Analysts
- Buy/Sell: Wall Street’s top 10 stock calls this week