Nike's new CEO may look to mend retailer ties in sales revival push
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Nike shares fall as JPMorgan turns cautious into earnings
September 23, 2024 7:40 AM EDTNike (NYSE: NKE) stock is down over 1% premarket Monday after JPMorgan placed the company on "Negative Catalyst Watch" ahead of its first-quarter earnings report for fiscal year 2025.
The stance stems from projected declines in revenue, with JPMorgan analysts lowering their earnings per share (EPS) forecast for Nike's Q1 to $0.48, below the Street consensus of $0.52.
The bank explains that the reduction is... More
BofA Securities Reiterates Buy Rating on Nike (NKE)
September 20, 2024 9:34 AM EDTBofA Securities analyst Lorraine Hutchinson reiterated a Buy rating and $104.00 price target on Nike (NYSE: NKE).
The analyst comments "Nike's recent financial and stock underperformance left it in need of a shakeup, and we view this change positively. NKE announced that Elliott Hill... More
