HSBC lowered the firm’s price target on Nike to $113 from $120 and keeps a Buy rating on the shares. Nike remains an “undisputed leader” but its particularly large exposure to the U.S. market continues to make it more vulnerable in the short term, the analyst tells investors in a research note. As such, the firm trimmed its estimates and target price.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NKE:
- Nike price target lowered to $120 from $130 at Wells Fargo
- Sandal maker Birkenstock files for IPO with U.S. SEC, WSJ says
- Nike’s Q1 results unlikely to see fireworks but 2024 setup positive, says RBC
- Adobe upgraded, DigitalOcean double downgraded: Wall Street’s top analyst calls
- Nike downgraded to Hold from Buy at Erste Group