From Barchart: 2025-06-17 15:53:00

Morgan Stanley lowers Nike’s price target to $61 from $70, citing macroeconomic pressures and weak brand momentum. Recent tariff developments and economic conditions are expected to delay Nike’s recovery efforts. Analysts believe fiscal 2026 earnings estimates may be too high, and management may need to adjust expectations. Nike’s high valuation makes it challenging for investors to justify a turnaround bet. However, low expectations heading into the next earnings report could lead to short-term positive surprises.



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