Market Overview

Nike's New High Signals A Sell Sign For Vetr

Related NKE
Nike Receives Downgrade Ahead Of Q4 Print; Analyst Says 'Puma Hoops Worth Monitoring'
What DJIA Changes Mean For GE, Walgreens Investors
Stocks To Watch: More Trade Tiffs And Stress Tests (Seeking Alpha)

The Vetr crowd on Thursday downgraded its rating on Nike Inc (NYSE: NKE) from 3 stars (Hold), issued 28 days ago, to 2.5 stars (Sell). Crowd sentiment at the time of the downgrade was generally negative, with 75 percent of Vetr user ratings bearish.

Vetr's downgrade comes the same day as Nike topped its previous 52-week high, topping out at $64.85 near the middle of Thursday's session. Nike also received its share of analyst attention over the course of the day, garnering an ratings upgrade from Argus and a nearly 25 percent price target increase from Deutsche Bank to $71.

See how crowdsourced ratings could help you time tthe market.

Currently, the Vetr crowd's average price target on Nike is down at $59.88, which is below the average analyst price target of $60.73. Less than 2 percent of Vetr users are holding NKE in their watch-lists.

Latest Ratings for NKE

Jun 2018BuckinghamDowngradesBuyNeutral
Jun 2018BairdMaintainsOutperformOutperform
Jun 2018UBSDowngradesBuyNeutral

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: VetrDowngrades Price Target Analyst Ratings


Related Articles (NKE)

View Comments and Join the Discussion!