(This is CNBC Pro's live coverage of Friday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A solar stock and an apparel giant were among the names being talked about by analysts on Friday.
Several analysts downgraded Nike shares after the company posted its latest quarterly figures. Meanwhile, Deutsche Bank increased its price target on First Solar. Check out the latest calls and chatter below.
All times ET. 5:47 a.m.
: Here's what analysts are saying after Nike's fourth quarter results Shares of retailer Nike slipped more than 14% after fourth-quarter revenue undershot Wall Street's expectations and a lackluster sales forecast. Nike also trimmed its full-year guidance. "FY25 was reset for the 2nd time in 3 months—as the digital weakness continued into 1Q, while the pacing to manage key franchises is being accelerated.
Simply put, it's difficult to find any good news in today's release," Wells Fargo analyst Ike Boruchow wrote. The analyst reiterated an overweight rating on Nike stock but slashed his price target to $92 per share from $115, equating to roughly 2% downside from Thursday's close. NKE 1D mountain NKE falls Stifel downgraded Nike stock following results to hold from buy and reduced their price target to $88 per share from $117.
The firm's forecast amounts to nearly 7% downside moving forward. "Management credibility is severely challenged and potential for C-level regime change adds further uncertainty," ana.