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Piper Sandler cuts Nike target price to $38
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Piper Sandler, an investment bank and research firm, has lowered its price target for Nike (NYSE: NKE) to $38 from the previous target of $45. The revised target was announced in a note to clients, as reported by financial data provider Jin10. The downgrade reflects a more cautious outlook on the sportswear giant's stock performance. The new target price represents a reduction of approximately 15.6% from the prior estimate. No specific reasons for the downgrade were provided in the brief report. The information is attributed directly to Piper Sandler's analysts and is presented as a forecast, not a confirmed event.
Source
金十数据Neutral / independent
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Multiple investment banks cut Nike price targets, signaling bearish outlook