Nike Analysts Sour On Retailer's Short-Term Prospects Following Poor Outlook: 'No Quick Rebound'

Benzinga · Jun 29 01:30

Nike Inc(NYSE:NKE) shares plummeted following bleak revenue numbers and lowered guidance in its fourth-quarter report.

Some analysts have soured on the Beaverton, Oregon-based company. Here's what the Street is saying Friday after the print.

The Nike Analysts:The following analysts published notes on Friday.

JPMorgananalystMatthew R. Bossdowngraded Nike from Overweight to Neutral, lowering the price target from $116 to $83.
Goldman SachsanalystBrooke Roachmaintained a Buy rating, lowering the price target from $120 to $105.
Bank of AmericaanalystLorraine Hutchinsonmaintained a Buy rating, lowering the price target from $113 to $104.
RBCCapital Markets...

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Nike Analysts Sour On Retailer's Short-Term Prospects Following Poor Outlook: 'No Quick Rebound'

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