Barclays raised its price target on Nike from $37 to $45. The firm maintained an Overweight rating. Barclays analysts expect stability as shares approach a bottom, awaiting clearer growth visibility.
BTIG reiterated a Buy rating on Nike. It set a $50 price target.
These analyst upgrades follow discussions with Nike management.
Skylands Capital LLC acquired a new stake of 57,600 Nike shares. This occurred in the third quarter.
Nike announced a new multi-year partnership. The company will become the official kit provider for the Mumbai Indians cricket team.