Nike price target lowered to $80 from $82 at RBC Capital

RBC Capital analyst Piral Dadhania lowered the firm’s price target on Nike (NKE) to $80 from $82 and keeps a Sector Perform rating on the shares. The company’s investment story is “fairly balanced”, with plenty of work to do across most aspects of the organization and stubbornly elevated valuation, though this is offset by “modest” FY26 consensus estimates offering potential upside, the analyst tells investors in a research note.