Argus upgrades Nike to Buy, citing inventory normalization and brand dominance, resulting in 3% stock gain.

From Financial Modeling Prep: 2025-07-01 16:15:00

Argus upgrades Nike (NYSE:NKE) to Buy from Hold, with a price target of $85, citing inventory normalization, improved e-commerce pricing, and brand dominance. Shares rose over 3% intra-day. Nike cleared excess inventory in fiscal 2025, strengthening product lineup and pricing power through direct-to-consumer channels. Analyst bullish on long-term prospects, expecting global growth and turnaround.



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