Telsey Advisory Group Maintains Outperform Rating for Nike: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Outperform rating of Nike NKE and lower its price target from $135.00 to $128.00.

Shares of Nike are trading down 0.15% over the last 24 hours, at $91.45 per share.

A move to $128.00 would account for a 39.97% increase from the current share price.

About Nike

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.