Truist analyst Joseph Civello lowered the firm’s price target on Nike (NKE) to $73 from $82 and keeps a Buy rating on the shares ahead of its results on Thursday. Given the ongoing pressure from Nike’s “Win Now” turnaround efforts and the macro volatility, the firm expects the management to provide a fairly-pessimistic Q1 outlook and to continue to hold off on providing FY26 projections, the analyst tells investors in a research note. Truist adds it is lowering its FY26 EPS forecast to $1.45 from $2.00, which it sees being largely in-line with Buyside expectations.
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