Baird analyst Jonathan Komp lowered the firm’s price target on Nike (NKE) to $105 from $110 and keeps an Outperform rating on the shares. The firm said they see Nike as a best idea recovery stock for 2025. Baird said more aggressive but necessary fiscal 2H25 reset actions could weigh on short-term investor confidence, but they believe will set the stage for a product-led inflection beginning F2026E and strong share appreciation potential once the market discounts recovered margin/earnings.
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