Piper Sandler analyst Anna Andreeva raised the firm’s price target on Nike (NKE) to $84 from $80 on revised estimates, while keeping an Overweight rating on the shares. Compared to Q1 2026 guide for sales -MSD, Nike grew sales 1%, two quarters ahead of expectations for sales inflection, with 3 out of 4 geographies turning positive, and China at -10% still challenged but better than investors bracing for down mid-teens, the firm notes.
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