Nike (NKE) PT Lowered to $121 at Raymond James

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Go back to Nike (NKE) PT Lowered to $121 at Raymond James

Nike (NKE) upgraded at CFRA as pullback makes shares more attractive

September 27, 2023 6:10 AM EDT

CFRA analyst Zachary Warring upgraded Nike (NYSE: NK) shares to Hold from Sell while maintaining a 12-month price target of $88.

The analyst notes that Nikes current valuation is slightly below the company's 10-year average forward P/E multiple of 29.4x but... More

CFRA Upgrades Nike (NKE) to Hold

September 26, 2023 1:58 PM EDT

CFRA analyst Zachary Warring upgraded Nike (NYSE: NKE) from Sell to Hold with a price target of $88.00.

The analyst comments "We maintain our 12-month price target of $88, based on 25.1x our FY 2024 (Mar.) EPS estimate and below the company's 10-year average forward P/E multiple of 29.4x,... More