Nike: Jefferies upgrades stock

(CercleFinance.com) - Jefferies upgrades its recommendation on Nike shares from 'hold' to 'buy', with a target price raised from $75 to $115, stating that according to its research, the brand remains very strong, its problems are self-inflicted and competitive threats are less severe.


CEO Hill is tackling product and distribution issues head-on, positioning the brand to return to above-market growth and regain lost share, the broker highlights.

Jefferies forecasts a V-shaped recovery in margin and EPS, and expects EPS for 2027 to be well above consensus ($3.50 vs. $2.95), which it believes should lift the valuation from its current 10-year low.


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