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Nike Inc. (NKE) is facing a fresh wave of analyst scrutiny after multiple Wall Street firms cut their price targets following its fiscal Q1 results, according to The Fly. The athleticwear giant’s earnings beat failed to offset a weaker-than-expected outlook, and CEO Elliot Hill added that the turna…
The latest analyst notes point to a tougher Nike turnaround, with firms flagging weak sales trends, pressure across key categories and a more challenging earnings outlook.
Interactive Brokers Group (IBKR) has an average rating of overweight and mean price target of $108.1