BTIG analyst Bob Drbul initiated coverage of Nike (NKE) with a Buy rating and $100 price target and selecting the stock as “Top Pick for 2026.” While “there is clearly still much work ahead,” the firm believes the company is making solid and it is establishing FY26 and FY27 EPS estimates of $1.70 and $2.75, respectively. BTIG thinks the company can return to greater than 12% long-term operating margins and that earnings could approach $3.50 in FY28, the analyst tells investors.
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