JPMorgan upgraded Nike (NKE) to Overweight from Neutral with a price target of $93, up from $64. The firm increased Nike’s estimates for the first time in 13 months following its fieldwork and talks with management. It sees a multi-year recovery for the company, driving high-teens to 20% annual earnings growth through fiscal 2030.
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Read More on NKE:
- Mixed options sentiment in Nike with shares up 0.39%
- Academy Sports price target raised to $65 from $58 at Telsey Advisory
- Nike’s Strategic Inventory Management and Growth Prospects Support Buy Rating
- Nike price target raised to $85 from $81 at Goldman Sachs
- Moderately bullish activity in Nike with shares up 2.9%