Nike price target lowered to $114 from $142 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on Nike to $114 from $142 and keeps an Overweight rating on the shares. The analyst believes greater uncertainty emerged from Nike’s earnings call. The company’s initial fiscal 2025 comments called for sales and earnings growth with operating margin expansion, consisting of negative low single digit sales growth in the first half and limited visibility on a sales recovery., the analyst tells investors in a research note. The firm lowered estimates but says a great deal of the spring selling season and early fall are yet to come.