Nike Stock Falls to Bargain Basement After Analysts Slash Targets

NIKE TodayNKENIKE$77.99 -16.20 (-17.20%) 52-Week Range$77.11▼$123.39Dividend Yield1.90%P/E Ratio22.94Price Target$114.81Add to WatchlistNike NYSE: NKE analysts are slashing their price targets and sending the stock to the bargain basement. The company’s Q4 results were good enough, but the guidance brought fear into the broader consumer discretionary market. The company cited pronounced headwinds, a lack of innovation, and lost dominance in its once-core segment when it doubled its expected revenue decline ...