UBS has adjusted Nike's price target from $82 to $80, maintaining a "Neutral" rating.
Concerns have been raised about Nike's global sales growth, which has weakened over the past three months.
Despite this, Nike shares have shown resilience in the market, with a 2.4% increase on the last trading day.
The athletic apparel sector has been optimistic, leading to positive market activity for Nike.
Bank of America Securities has lowered its price target for Nike from $100 to $95, recognizing potential headwinds. Jefferies & Co and J.P. Morgan Securities have also expressed caution and reduced their price targets for Nike.
Despite these concerns, Nike has announced a dividend of $1.45 per share for the 2024 financial year, demonstrating financial stability.
Nike's strategic decisions and performance in the upcoming quarters will be critical in shaping investor sentiment and stock performance.