Nike shares slump after group flags current-quarter sales decline
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Nike (NKE) PT cut to $89 at CFRA (correction)
June 28, 2024 9:33 AM EDT(Updated - June 29, 2024 6:18 AM EDT)
CFRA analyst Zachary Warring cut the price target on Nike (NYSE: NKE) to $89.00 (from $95.00) while maintaining a Hold rating.
The analyst comments "We lower our 12-month price target by $6 to $89, based on 25.5x our FY 25 (May) EPS... More
Nike (NKE) PT Lowered to $100 at Telsey
June 28, 2024 7:22 AM EDTTelsey analyst Christina Fernandez lowered the price target on Nike (NYSE: NKE) to $100.00 (from $115.00) while maintaining a Outperform rating.
The analyst comments "Nikes 4QF24 result and lowered FY25 sales guidance is disappointing and reflects a broader slowdown in demand for Nike products, now spanning more heavily into the lifestyle footwear business, and steeper reductions in the supply of its three largest lifestyle franchisesAir Force 1, Air Jordan 1, and Dunkto preserve their long-term health. Nike... More
Nike (NKE) PT Lowered to $67 at Williams Trading
June 28, 2024 5:39 AM EDTWilliams Trading analyst Sam Poser lowered the price target on Nike (NYSE: NKE) to $67.00 (from $75.00) while maintaining a Sell rating.
The analyst comments "Sell Nike: Nike is a mess and is deflated, as is any confidence we may have had. 4Q24 revenue missed estimates... More
JPMorgan Downgrades Nike (NKE) to Neutral
June 28, 2024 5:33 AM EDTJPMorgan analyst Matthew Boss downgraded Nike (NYSE: NKE) from Overweight to Neutral with a price target of $83.00 (from $116.00).
The analyst comments "NKE reported 4Q24 adjusted EPS of $1.01 (> Street $0.84) with revenue shortfall (-1.7% y/y decline on a reported basis below Street at... More
Nike (NKE) PT Lowered to $105 at Evercore ISI
June 28, 2024 4:49 AM EDTEvercore ISI analyst Michael Binetti lowered the price target on Nike (NYSE: NKE) to $105.00 (from $110.00) while maintaining a Outperform rating.
The analyst comments " Nike Lowers FY25 Towards the Lower End of Our Scenarios. As we anticipated, Nike lowered its preliminary FY25 guidance but more towards our downside scenario in our preview (in our preview here we contemplated a $3.00 downside scenario).... More
