Nike Price Target went down to $ 70 $ 80 on TelSey Advisory

TelSey Advisory reduced the firm Price target to Nike (Slippery) up to $ 70 from $ 80 and maintains the market rating. The firm believes that Nike is still at several quarters of reaching the stabilization of the business, but the company is doing “the right movements” to clean his inventory, the analyst tells the investors. The company, however, continues to face various benefits of structural benefits, causing a lack of visibility in the company’s financial algorithm over the coming years, adds the firm.

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