KeyBanc last night 0pgraded Nike (NKE) to Overweight from Sector Weight with a $90 price target The company reported “solid” fiscal Q1 results, driven by continued progress on its “Win Now” actions, the analyst tells investors in a research note. The firm acknowledges some near-term “choppiness” from tariffs and China, but believes Nike’s Sport Offense, innovation pipeline, and marketplace resets positions the company for a return to sustainable growth and margin recovery. It sees enough visibility to feel comfortable in Nike’s turnaround story.
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