Nike upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded Nike (NKE) to Overweight from Equal Weight with a price target of $73, up from $64. The firm cites Nike’s operational progress, financial “inflections,” and management’s “disciplined actions” for the upgrade. The stock’s risk/reward profile has “shifted favorably,” creating an attractive investment opportunity, the analyst tells investors in a research note. Barclays believes Nike’s progress in inventory management, operational resets, and focus on brand health and margin stabilization “provide a solid foundation for a more constructive investment thesis.” The worst of the tariff and geopolitical risk may be behind the company, adds the firm.