Wolfe Research issues sell rating on Nike with $28 price target, pushing average target below stock price for first time in 20+ years

Wolfe Research issued a fresh sell rating and $28 price target on Nike, pushing the average analyst price target below the stock's current price of $37.5 for the first time in over 20 years. Morgan Stanley, JPMorgan, Bank of America and Bank of Montreal all see NKE headed below $30 within 52 weeks.

Detected & updated continuously · Source: Nebula