Nike flags prolonged turnaround as China slump, weak outlook eclipse quarterly beat
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Nike (NKE) PT Lowered to $52 at Barclays
July 1, 2026 6:11 AM EDTBarclays analyst Adrienne Yih lowered the price target on Nike (NYSE: NKE) to $52.00 (from $67.00) while maintaining a Overweight rating.
The analyst comments "The Only Way Out is Through. NKE's progress through its turnaround is progressing far slower than expected and is frustrating to both investors and management alike. Management has acknowledged that the challenging macro, deeper reset, and unexpected hurdles have slowed evidence of progress but they remain committed to the Win Now / Sport Offense strategy. Despite yet another reset of top line and inventory build that is resulting in another lowering... More
