Nike faces an RBC downgrade as analysts warn its turnaround is lagging and market share risks are mounting.
On the brink of the FIFA World Cup 2026, Nike Inc.
(NYSE:NKE) faced a stock downgrade from RBC Capital Markets.
The firm lowered its share price target from $70 to $50, citing slower-than-expected revenue growth.
The analysts, led by Piral Dadhania, have revised their outlook for the athletic-apparel giant, according to a MarketWatch report on Wednesday.
Despite some progress under CEO Elliot Hill, the company's turnaround has been slower than anticipated.
NEW YORK, June 11 : As the World Cup kicks off, Nike and Adidas are competing on and off the field.Nike needs a win. The soccer…
Nike warned that its turnaround is taking longer than it expected, leading three Wall Street banks to downgrade the stock as…
The investment bank's research arm downgraded the apparel giant to hold from buy.
Nike’s latest quarterly report showed the company is righting its ship, according to KeyBanc.
Severe issues in China and a weak outlook discouraged investors, sending Nike shares down sharply.
Nike has shown some gains in North America, its largest market, amid its turnaround, but the strength was offset by weakness in…
