Nike (NKE) Stock Falls On a Revenue Miss and Slashed FY Sales Outlook, Analysts Bullish Despite NT Supply Chain Challenges
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Nike (NKE) PT Lowered to $176 at Telsey
September 24, 2021 5:08 AM EDTTelsey analyst Christina Fernandez lowered the price target on Nike (NYSE: NKE) to $176.00 (from $180.00) while maintaining a Outperform rating.... More
Nike (NKE) PT Lowered to $201 at Morgan Stanley
September 24, 2021 2:53 AM EDTMorgan Stanley analyst Kimberly Greenberger lowered the price target on Nike (NYSE: NKE) to $201.00 (from $221.00) while maintaining a Overweight rating.... More
Nike warns on holiday delays, cuts full-year sales estimate
September 23, 2021 4:26 PM EDTBy Uday Sampath Kumar and Richa Naidu
(Reuters) -Nike Inc on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit.
Months-long factory closures in Vietnam, where about half of all Nike footwear is manufactured, have piled more pressure on global supply chains already reeling from the impact of the pandemic.
The Beaverton, Oregon-based company's shares, which are down about 9% from their record high hit in August, fell 3.3% in extended... More
