Wells Fargo Upgrades Nike to Overweight as Outlook Brightens
Wells Fargo upgrades Nike (NKE) to Overweight with a new $75 price target, citing improving sales, margins, and innovation momentum.
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Wells Fargo upgrades Nike (NKE) to Overweight with a new $75 price target, citing improving sales, margins, and innovation momentum.
Nike posted a surprise 1% revenue increase in its latest quarter, fueled by strong growth in North America and a wholesale rebound. However, the path ahead is complicated by rising tariffs ($1.5 billion forecast) and persistent sales declines in Greater China.