Reported 1 day ago
Ahead of its fiscal third-quarter earnings report, Nike is seeing a divided sentiment among analysts, with half rating the stock as 'buy' despite expectations of declining sales and profits. The report, due after market close on Thursday, comes as the company navigates a turnaround under new CEO Elliott Hill, who has emphasized initiatives focused on growth, particularly in female-oriented marketing. Despite a recent drop in stock value, analysts predict a potential premium in price target.
Source: YAHOO