After-hours movers: Nike, Infinera, Accolade and more

Nike (NKE) PT cut to $89 at CFRA (correction)

(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

Kura Sushi USA Inc. (KRUS) PT Lowered to $79 at Citi

Citi analyst Jon Tower lowered the price target on Kura Sushi USA Inc. (NASDAQ: KRUS) to $79.00 (from $101.00) while maintaining a Neutral rating.

The analyst comments "Apparently Dragon Ball was not enough to reinvigorate KRUSs traffic during F3Q, with preliminary results (including +0.6% SSS... More

Nike (NKE) PT Lowered to $100 at Telsey

Telsey 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

Needham Downgrades Infinera Corp. (INFN) to Hold

Needham analyst Ryan Koontz downgraded Infinera Corp. (NASDAQ: INFN) from Buy to Hold.

The analyst comments "NOK announced it would acquire INFN for $2.3B ($6.65 per share), equal to a 28% premium to yesterday's closing stock price. The move will consolidate two sub-scale and underperforming... More

Nike (NKE) PT Lowered to $67 at Williams Trading

Williams 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

JPMorgan 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

Accolade Inc. (ACCD) PT Lowered to $5 at DA Davidson

DA Davidson analyst Gil Luria lowered the price target on Accolade Inc. (NASDAQ: ACCD) to $5.00 (from $10.00) while maintaining a Neutral rating.

The analyst comments "We are maintaining our NEUTRAL rating on Accolade following a F1Q25 top-line guide-down which amplified concerns about the visibility... More

Nike (NKE) PT Lowered to $105 at Evercore ISI

Evercore 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