Oppenheimer has upgraded Nike ($NKE) to Outperform and raised the price target to $120 from $110. Analysts believe that share multiples and financials are 'largely derisked' from internal and external challenges, leading to a positive outlook for the company.
$NKE Oppenheimer moves off sidelines on Nike, forecasts 25% rally Oppenheimer turned bullish on Nike after a rough period. Analyst Brian Nagel upgraded shares of the athletic clothing maker to outperform from perform and reinstated the stock as a top mega-cap pick. Nagel also…
OPPIE: ".. we are increasingly of the view that multiples at which shares trade and nearer-term financial expectations for $NKE are now largely 'derisked' and poised to rebound gradually, as efforts on the part of senior leadership to refocus on product innovation and…
$NKE | Oppenheimer Upgrades Nike to Outperform and Raises PT to $120 from $110
$NKE Nike Shares up 1.2% Premarket After Oppenheimer Raises to Outperform From Perform
$NKE | Oppenheimer Upgrades Nike to Outperform and Raises PT to $120 from $110 Analyst Comments: "Share multiples and nearer-term financials are 'largely derisked' from internal/external headwinds, including new brands." "In our view, another guide lower is largely discounted…
Oppenheimer Upgrades Nike $NKE to Outperform and Raises the PT to $120 from $110