Susquehanna Downgrades Nike (NKE) to Neutral

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Go back to Susquehanna Downgrades Nike (NKE) to Neutral

Nike (NKE) PT Lowered to $55 at Wells Fargo Following Athletic Apparel & Footwear Review; 'Several Areas of Concern Weighing on Indsutry'

September 19, 2017 7:48 AM EDT

Wells Fargo lowered its price target on Nike (NYSE: NKE) to $55.00 (from $56.00) while maintaining a Market Perform rating, following a review of the athletic apparel/footwear space.

Analyst Tom Nikic notes a cautious outlook on the company following a review of the athletic... More