Piper Sandler analyst Anna Andreeva upgraded Nike (NKE) to Overweight from Neutral with a price target of $90, up from $72. The firm says that while it is “possibly early with this call,” Nike CEO Elliott Hill’s “intensified urgency” to clean up the marketplace should translate to a more visible recovery story entering fiscal 2026 while buy-side sentiment remains negative. The company returning to “healthy, profitable growth” is likely four quarters away, the analyst tells investors in a research note. Piper thinks Hill getting in front of investors is the next catalyst on the stock, which it expects after the fiscal Q3 results.
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