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3 October 2022 | Other

Nike falls because of awaited decline in profits

Nike Inc

Cost of Nike securities decreases because of the awaited price squeeze. 

The company said that the fall in yearly gross margin of 200-250 points is awaited. The strengthening of the dollar also negatively had a negative influence on this situation. 

Currently, the median price target is $115 though the month before it was $130. The brokerages covering Nike are mostly “buy”.  



Company MarketCheese

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