Nike's turnaround 'not enough' to remain bullish on the stock, KeyBanc says

KeyBanc said Nike has made some progress under its "Win Now" strategy, but the firm still sees no clear signs of meaningful upside for the stock. The commentary suggests incremental fundamental improvement, but not enough to change the near-term investment outlook. The note is likely to pressure sentiment modestly rather than drive a major price move.

Analysis

KeyBanc said Nike has made some progress under its "Win Now" strategy, but the firm still sees no clear signs of meaningful upside for the stock. The commentary suggests incremental fundamental improvement, but not enough to change the near-term investment outlook. The note is likely to pressure sentiment modestly rather than drive a major price move.