TD Cowen raised the firm’s price target on Nike to $78 from $71 and keeps a Hold rating on the shares. The firm updated its estimated following the company’s guidance cut but took its target multiple higher to reflect the improved sentiment regarding the CEO change.
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>>
Read More on NKE:
- Nike price target lowered to $82 from $85 at RBC Capital
- Nike price target lowered to $92 from $95 at Deutsche Bank
- Nike price target lowered to $77 from $80 at JPMorgan
- Nike Q1 earnings had ‘more for the bears than bulls,’ says Morgan Stanley
- Nike price target raised to $82 from $78 at UBS