Nike forecasts downbeat quarterly revenue on lingering China worries
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Nike (NKE) PT Lowered to $127 at Cowen
June 28, 2022 9:13 AM EDTCowen analyst John Kernan lowered the price target on Nike (NYSE: NKE) to $127.00 (from $133.00) while maintaining an Outperform rating.
The analyst commented, "Revenue guidance ex FX of +low double-digit y/y is fairly in line with consensus with China and supply chain flows... More
