Evercore Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

Nike Is Down Nearly 50%, and Wall Street Analysts Keep Downgrading It. Here's Why History Says They're Missing the Bigger Picture.

Nike has taken a beating, but its latest slump could look very different.

Evercore Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

Evercore lowered their price target on NIKE from $46.00 to $34.00 in a report on Monday.

Nike (NKE) Stock Nears 52-Week Low as Analysts Slash Targets Before Earnings

TLDR Nike stock trades around $36, close to its 52-week low of $35.22. Piper Sandler cut its price target to $38 and kept a Neutral rating before Nike’s October 1 earnings. Deutsche Bank lowered its target to $37, pointing to weak China demand and margin pressure. Evercore warns retailers may have...