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0.00146816556127449 0.00125476940411253 0.00189495787559856 0.00253514634708459 -0.00145962971498818 -0.00674118460474762 -0.0140948161805502 -0.0204049405478307
Stock impact report

Nike draws downgrades as recovery timeline extends [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
latest results pointed to a longer-than-expected road back to growth, with price targets also slashed. JPMorgan analyst Matthew Boss cut his rating from Overweight to Neutral and slashed his December 2026 price target to $52 from $86, citing a deteriorating earnings outlook. Boss lowered his fiscal 2027 EPS estimate to $1.63, which is 28% below consensus, and pushed back his timeline for Nike to reach a 10% operating margin to fiscal 2029 from fiscal 2028. "Our timeline for NKE to return to a 10% operating margin now extends to FY29," Boss wrote, projecting EPS power of roughly $2.70 at that margin profile. Bank of America's Lorraine Hutchinson also moved to Neutral, cutting her price target on Nike shares to $55 from $73 and trimming her fiscal 2027 and 2028 EPS estimates to $1.60 and $2.00, respectively. Hutchinson had anticipated a return to growth in the first quarter of fiscal 2027, but management's guidance now points to negative sales through the third quarter of that Show less Read more
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