Nike Stock Takes Hit After Q1 Earnings: Analysts Expect Comeback To Take Time With 'Uncertain Path'
NIKE(NKE) Benzinga·2024-10-02 23:29Nike Inc's NKE first-quarter financial results showed that a turnaround by incoming CEO Elliot Hill could take longer than expected and come with increasing challenges, according to analysts.The Nike Analysts: RBC Capital analyst Piral Dadhania maintained a Sector Perform rating and lowered the price target from $85 to $82.Truist analyst Joseph Civello maintained a Hold rating and lowered the price target from $85 to $83.Morgan Stanley analyst Alex Straton maintained an Equal-Weight rating with a price targ ...