UPDATE: RBC Capital Starts Nike (NKE) at Outperform

Go back to UPDATE: RBC Capital Starts Nike (NKE) at Outperform

Morgan Stanley Cuts Price Target on Nike (NKE), Sees Muted Reaction to Earnings

September 22, 2022 5:35 AM EDT

Nike (NYSE: NKE) price target cut to $129 from $149 at Morgan Stanley.

"We suspect SG&A conservatism offsets potential revenue/GM pressure, yielding an in-line EPS result. But ongoing macro risk, unlikely China debate resolution, & softening NA/EU industry trends could... More

Nike (NKE) Estimates Reduced, But Weakness Priced in - Citi

September 21, 2022 10:04 AM EDT

Ahead of Nike's (NYSE: NKE) fiscal first quarter results, to be reported on Thursday, September 29, analysts at Citi and Deutsche Bank provided previews, with both expecting macro pressures.

Deutsche Bank analyst Gabriella Carbone told investors in a note that the firm is lowering estimates ahead of the print.

Deutsche Bank, which has a Buy rating and $123 price target on... More

Nike (NKE) Appoints Monica Gil and Robert Swan to its Board

September 21, 2022 6:14 AM EDT

On September 20, 2022, the Board of Directors of Nike (NYSE: NKE) appointed Mónica Gil and Robert Swan to serve as directors of the Company, effective immediately. Additionally, Ms. Gil has been appointed to serve as a member of the Compensation Committee, effective... More

UPDATE: Nike (NKE) PT Lowered to $123 at Deutsche Bank

September 21, 2022 5:47 AM EDT

(Updated - September 21, 2022 5:47 AM EDT)

Deutsche Bank analyst Paul Trussell lowered the price target on Nike (NYSE: NKE) to $123.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "We anticipate NKE's fiscal 1Q EPS to miss consensus (DB $0.88 vs. prior $0.90 and the Street $0.94), largely driven by soft results in China, FX headwinds, and greater than expected GPM... More

UPDATE: Nike (NKE) PT Lowered to $113 at Citi, 'much of the weakness is priced in'

September 21, 2022 5:07 AM EDT

(Updated - September 21, 2022 5:08 AM EDT)

Citi analyst Paul Lejuez lowered the price target on Nike (NYSE: NKE) to $113.00 (from $116.00) while maintaining a Neutral rating.

The analyst comments "Ahead of NKEs 1Q23 results to be reported on Thurs 9/29, we conducted a survey... More

5 Downgrades of Note

September 20, 2022 5:07 PM EDT

Today, several brokerages downgraded the shares of five companies, including Weyerhaeuser (NYSE: WY), Western Digital Corp. (NASDAQ: WDC), Nike (NYSE: NKE), Louisiana-Pacific Corp (NYSE: LPX) and PayPal (NASDAQ: PYPL). Below, we provided the details for each downgrade:

BofA Securities downgraded Weyerhaeuser... More

Nike (NKE) Stock Drops After Barclays Downgrade on Rising Inventory Risk

September 20, 2022 9:24 AM EDT

Shares of Nike (NYSE: NKE) are down almost 3% in premarket trading Tuesday after Barclays analyst Adrienne Yih downgraded to Equal Weight from Overweight and cut the price target to $110 from $125 per share.

The analyst outlined 5 key factors behind the downgrade to EW: 1) bearish Wholesale sector... More

Pre-Open Movers: Change Healthcare Up on Merger Ruling, Nike Falls on Downgrade

September 20, 2022 9:21 AM EDT

Pre-Open Stock Movers:

Change Healthcare Inc. (NASDAQ: CHNG) 7% HIGHER; defeating a Justice Department lawsuit that sought to block UnitedHealth Group's (NYSE: UNH) $7.8 billion acquisition of the company.

Louisiana-Pacific Corp (NYSE:... More

UPDATE: Barclays Downgrades Nike (NKE) to Equalweight

September 20, 2022 6:04 AM EDT

(Updated - September 20, 2022 6:09 AM EDT)

Barclays analyst Adrienne Yih downgraded Nike (NYSE: NKE) from Overweight to Equalweight with a price target of $110.00 (from $125.00).

The analyst comments "Our rating is based on: 1) the acceleration of NKE's direct-to-consumer strategy, 2) a long-range plan of... More