Bank of America resets Nike stock target on recovery plan
View original at finance.yahoo.comBank of America resets Nike stock target on recovery plan Nike's turnaround is showing signs of progress, but not enough for Wall Street to call it a clean comeback…
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Nike's fourth quarter 2026 results were in line with expectations, but the bigger change was the company's weaker sales outlook
60% confidenceHutchinson lowered the price target because Nike's sales recovery is taking longer than expected
60% confidenceEarnings expectations remain largely intact because gross-margin expansion is expected to begin in the first quarter, earlier than previously expected, and because Nike is using cost controls to protect profit
60% confidenceBofA kept its fiscal 2027 earnings estimate at $1.60 a share, saying lower sales should be offset by cost control and stronger gross margin
60% confidenceNike's latest earnings summed up as a 'Choppy recovery'
60% confidenceBofA raised its fiscal 2028 earnings estimate to $2.13 from $2.00, reflecting lower selling, general, and administrative expenses
60% confidence