WS #15267
Goldman Sachs has maintained a Neutral rating on Nike but lowered its price target from $38 to $30, citing deteriorating consumer sentiment and weak sales trends. This analyst action reflects broader concerns about the resilience of consumer staples and discretionary spending in a slowing economic environment. The move adds to the bearish sentiment around retail and consumer-facing equities.
Nike and Consumer Weakness
Goldman Sachs has maintained a Neutral rating on Nike but lowered its price target from $38 to $30, citing deteriorating consumer sentiment and weak sales trends. This analyst action reflects broader concerns about the resilience of consumer staples and discretionary spending in a slowing economic environment. The move adds to the bearish sentiment around retail and consumer-facing equities.