{"id":12567,"date":"2024-03-22T17:11:42","date_gmt":"2024-03-22T11:41:42","guid":{"rendered":"https:\/\/bigbreakingwire.in\/nike-analyst-revisions-ratings-price-targets-revised-downward-across-the-board\/"},"modified":"2024-03-22T17:11:42","modified_gmt":"2024-03-22T11:41:42","slug":"nike-analyst-revisions-ratings-price-targets-revised-downward-across-the-board","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/nike-analyst-revisions-ratings-price-targets-revised-downward-across-the-board\/","title":{"rendered":"Nike Analyst Revisions & Ratings: Price Targets Revised Downward Across the Board"},"content":{"rendered":"
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Nike third-quarter earnings surpassed expectations, with an EPS of $0.77 compared to an estimated $0.74. Revenue for the quarter stood at $12.43 billion, slightly exceeding the estimated $12.31 billion. Inventory levels were lower than expected at $7.73 billion, compared to an estimate of $8.16 billion.<\/p>\n\n\n\n

Brokerages on Nike <\/strong><\/p>\n\n\n\n

RBC Capital downgraded Nike from Outperform to Sector Perform and lowered the price target from $110 to $100.<\/p>\n\n\n\n

Wells Fargo maintained an Overweight rating but reduced the price target for Nike from $125 to $120.
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BofA Securities shifted their stance to Neutral and lowered the price target from $120 to $110.
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UBS reiterated a Buy rating but decreased the price target from $138 to $125.
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Truist Securities adjusted their rating to Hold and reduced the price target from $111 to $99.
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Barclays lowered their price target for Nike from $142 to $114.
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Jefferies revised their rating to Hold and lowered the price target from $110 to $100.
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Piper Sandler changed their stance to Neutral and decreased the price target from $107 to $98.
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Stifel maintained a Buy rating but lowered the price target from $129 to $117.
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Evercore ISI adjusted their price target for Nike from $127 to $117.
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Telsey reiterated an Outperform rating but reduced the price target from $120 to $115.
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Bernstein maintained an Outperform rating but lowered the price target from $134 to $120.
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Goldman Sachs reiterated a Buy rating but reduced the price target from $135 to $120.
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TD Cowen lowered the price target for Nike from $104 to $91.
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Piper Sandler reduced their price target for Nike from $107 to $98.

The highest price target for Nike is now $125, down $13 from the previous target of $138, while the lowest price target is now $91, down $13 from the previous target of $104.<\/p>\n\n\n\n

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Nike Q3 Earnings: $12.43B Revenue, $0.77 EPS, and More Highlights<\/a><\/blockquote>