Reported about 13 hours ago
JPMorgan retail analyst Matt Boss has raised his price target for Nike Inc (NYSE:NKE) from $93 to $100, highlighting a renewed focus on merchandising and inventory management following recent operational changes. Despite previous challenges, Boss believes Nike has the potential for revenue growth and emphasizes the stock's current undervaluation, trading significantly lower than previous highs. Sands Capital recently sold its Nike holdings, favoring faster-growing alternatives, but acknowledges Nike's potential as a long-term investment.
Source: YAHOO