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Nike Sees Price Target Cuts From Wall Street Over Disappointing Outlook

Nike Sees Price Target Cuts From Wall Street Over Disappointing Outlook

Wall Street analysts across the board reduced their price targets and go-forward EPS estimates on Nike, Inc. after the sportswear giant guided FY23 EPS below analyst targets as significant markdowns are expected over the next two quarters to recalibrate China’s bloated inventory levels. Most analysts still kept favorable ratings on Nike's stock.

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