In a report released today, Camilo Lyon from Canaccord Genuity maintained a Hold rating on Nike (NYSE: NKE), with a price target of $73. The company’s shares closed yesterday at $73.94, close to its 52-week high of $75.91.
Lyon observed:
“We are maintaining our HOLD rating on NKE ahead of FQ4 results next but raising our PT to $73 as we roll forward our valuation to F2020.”
According to TipRanks.com, Lyon is a 3-star analyst with an average return of 3.1% and a 50.9% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Columbia Sportswear, and Sequential Brands.
Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $75.67, representing a 2.3% upside.
In a report released yesterday, UBS also downgraded the stock to Hold with a $78 price target.
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The company has a one-year high of $75.91 and a one-year low of $50.35. Currently, Nike has an average volume of 6.84M.
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