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CNBC's Jim Cramer says he's inclined to stay with Nike stock for now.
Piper Sandler downgraded Nike to hold and cut its price target from $60 to $50.
KEY POINTS
- Analysts question CEO Elliott Hill's reliance on long-time Nike veterans for leadership roles.
- Nike reported flat revenue and a 35% year-over-year earnings per share decline in fiscal Q3 2026.
- Wall Street does not expect Nike to return to annual sales growth until February 2027.
COMPANIES
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