Nike Stock Takes Hit After Q1 Earnings: Analysts Expect Comeback To Take Time With 'Uncertain Path'

Benzinga · Oct 2 23:29

Nike Inc's(NYSE:NKE) first-quarter financial results showed that a turnaround by incoming CEOElliot Hillcould take longer than expected and come with increasing challenges, according to analysts.

The Nike Analysts:

RBC Capital analyst Piral Dadhania maintained a Sector Perform rating and lowered the price target from $85 to $82.
Truist analyst Joseph Civello maintained a Hold rating and lowered the price target from $85 to $83.
Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating with a price target of $82.
Stifel analyst Jim Duffy maintained a Hold rating with a price target of $79.
Oppenheimer analyst Brian Nagel maintained an...

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Nike Stock Takes Hit After Q1 Earnings: Analysts Expect Comeback To Take Time With 'Uncertain Path'

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