Nike Stock Turnaround Path Clear, Analyst Says: 'Getting Back To Winning Takes Time'

Benzinga · 00:49

Nike Inc(NYSE:NKE) analysts are highlighting the company's new turnaround plan under CEOElliott Hillwith a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company's second-quarter financial report.

The Nike Analysts:Telsey analystCristina Fernándezdowngraded Nike shares from Outperform to Market Perform and lowered the price target from $93 to $80.

JPMorgan analystMatthew Bossmaintained a Neutral rating and a price target of $73.

Goldman Sachs analystBrooke Roachreiterated a Buy rating and lowered the price target from $97 to $91.

Needham analystTom Nikic reiterated a Buy rating and...

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Nike Stock Turnaround Path Clear, Analyst Says: 'Getting Back To Winning Takes Time'

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