Nike is trying to boost its stock through a turnaround plan. Evercore ISI sees limited upside

Nike was downgraded by Evercore ISI, which also lowered its price target amid concerns about the company’s turnaround effort and broader business challenges. The note signals growing skepticism around Nike’s fundamentals and near-term outlook, with the downgrade likely weighing on sentiment for the shares.

Analysis

Nike was downgraded by Evercore ISI, which also lowered its price target amid concerns about the company’s turnaround effort and broader business challenges. The note signals growing skepticism around Nike’s fundamentals and near-term outlook, with the downgrade likely weighing on sentiment for the shares.