tiprankstipranks
The Fly

Nike price target lowered to $115 from $120 at Wells Fargo

Nike price target lowered to $115 from $120 at Wells Fargo

Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Nike to $115 from $120 and keeps an Overweight rating on the shares. The firm believes Nike numbers are again coming down, as impacts from both a tougher macro and their own needed reset will weigh more heavily on the first half of 2025 than originally thought.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Questions or Comments about the article? Write to editor@tipranks.com