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Benzinga

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Chris Katje

Nike's Fourth Quarter 'Not As Bad As Feared': Why 3 Analysts Are Lowering Price Targets

NIke Simeon Siegel NKE Cristina Fernandez Nike Inc NYSE China

Apparel and footwear company Nike Inc. (NYSE:NKE) reported fourth quarter earnings Monday after market close. Analysts size up the company’s revenue and eps beats with a cautious approach given gross margin and China business concerns.

The Nike Analysts: Wells Fargo analyst Kate Fitzsimons has an Overweight rating on Nike and lowers the price target from $150 to $130.

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