Multiple firms cut Nike's price target, with BofA Securities lowering it to $24 from $30
Jefferies cut Nike's (NKE) price target to $60 from $75, Stifel to $36 from $40, BofA Securities to $24 from $30, BTIG to $50 from $55, Goldman Sachs to $30 from $38, Truist Securities to $29 from $42, Telsey to $35 from $44, BMO Capital to $25, Wells Fargo to $30 from $40, Citi to $32 from $39, Guggenheim to $50 from $60, and Baird to $36 from $44. Bernstein SocGen Group also cut its price target to $45 from $68. Raymond James reiterated a Market Perform rating, and RBC Capital reiterated a Sector Perform rating with a $40 price target.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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