RBC lowered NIKE's price target to $65 due to inventory concerns and upcoming product launch

From Yahoo Finance: 2025-05-21 14:19:00

RBC Capital analyst lowered NIKE’s price target to $65 due to inventory concerns and upcoming product launch. Company undergoing “heavy lifting stage” of inventory clean-up with changes to Senior Leadership Team. Analyst cautious about risk/reward profile for fiscal year 2025, but predicts more favorable outlook in second half of fiscal year 2026.

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Read more: RBC Lowers NIKE (NKE) Price Target to $65, Cites Inventory Concerns