Truist Securities Reiterates Hold Rating on Nike (NKE)

Truist Securities analyst Joseph Civello reiterated a Hold rating and $85.00 price target on Nike (NYSE: NKE).

The analyst commented: "NKE has meaningfully outperformed since its post-F4Q EPS-lows (shares are up 16% since 6/28/24 vs the S&P 500’s 5% gain over that period). While we are hopeful that management changes can help Nike right the ship, we believe that (1) current expectations for a 2HF25 sales ramp look optimistic and (2) view a potential turnaround as a long/uncertain process (especially in this choppy macro environment while competition from higher-heat brands continues to accelerate). With shares trading at ~28.5x Street’s FY25 EPS forecasts (up ~4.5x since August 1st) we believe the risk/reward looks balanced and maintain our Hold rating."

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $87.46 yesterday.

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