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Barclays cuts Nike price target to $48
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On September 23, Barclays, a major investment bank, lowered its price target for Nike (NKE) stock from $52 to $48. The downgrade reflects a negative adjustment in the bank's valuation of the sportswear company. This analyst action is a bearish signal for Nike's stock outlook, suggesting Barclays expects the company's share price to underperform relative to its previous estimate. The new target of $48 implies a potential downside from the prior target, though the specific reasons for the downgrade were not detailed in the brief report. The announcement was made via financial news outlet Cailianshe (cls) on the specified date.
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财联社Neutral / independent
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Barclays, Oppenheimer, Piper Sandler Cut Nike Price Targets to as Low as $38