Piper Sandler maintains Neutral rating on Nike, $38 price target

Piper Sandler maintained their Neutral rating on Nike's stock with a price target of $38.00.The price target implies an upside of 6.3% from the Sep 25 close of $35.75.Key takeaways from the analyst noteWeak Sales Performance in Key Markets: Nike's sales have been negatively impacted by declining pe…