The Globe and Mail reports in its Thursday edition that Citi analyst Paul Lejuez continues to rate Nike "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Lejuez trimmed his share target by $9 to $100 (all figures U.S.). Analysts on average target the shares at $124.06. The Globe says Mr. Lejuez expects Nike's first quarter 2024 financial results to fall in line with the Street's expectations. The Globe adds that Mr. Lejuez is not enthusiastic about Nike's investment potential for investors, expecting a reduction in its guidance and emphasizing headwinds from both North America and China. Mr. Lejuez says he remains "cautious" on the stock. The Citi stockpicker says in a note: "Given the headwinds facing Nike in their two most important markets (NAM/China), we see potential for management to lower F24 sales guidance from up mid single digits to up low single digits, though a stronger GM could limit EPS downside. We anticipate management will guide 2Q sales well below cons as they lap difficult NAM sell-in comparisons and face macro headwinds in China. We also remain cautious on 2H sales given the difficult (promotionally-driven) comparisons LY and low visibility into future demand."