BUZZ-Street View: Analysts keep faith in Nike turnaround despite Q4 revenue setback
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Nike forecasts a larger drop in Q4 revenue than expected, following a strong Q3 performance. Shares fell 5.7% to $67.83 premarket, with several brokerages adjusting price targets. Analysts remain optimistic about Nike's long-term turnaround, with some suggesting that current challenges may lead to future gains. Barclays notes the company is recovering from past management issues, while BMO believes the turnaround will take time. Overall, analysts maintain faith in Nike's potential despite recent setbacks.
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