Could the iconic swoosh be gearing up for a surprise sprint in the latter half of the year? As whispers of a potential turnaround ripple through Wall Street, Nike Inc. (NYSE:NKE) is signaling progress toward a second-half recovery, with improving sales trends, cleaner inventories, and stronger wholesale orders.
Analysts pointed to stabilizing margins and healthier back-to-school demand as signs that Nike’s turnaround is gaining traction despite tariff headwinds.
Bank of America Securities analyst Lorraine Hutchinson maintained a Buy on Nike with a price forecast of $84.
Also Read: Nike Shares Jump After JPMorgan Highlights Sales, Margin Inflection: ‘Just Buy It’
Hutchinson said Nike remains on track for stabilization in the second half of the fiscal year, with guidance for second-quarter sales expected to show sequential improvement from the mid-single-digit decline in the first quarter. The analyst noted that solid U.S. back-to-school trends should support Nike’s performance.
A message of healthier sales momentum …
Full story available on Benzinga.com
Could the iconic swoosh be gearing up for a surprise sprint in the latter half of the year? As whispers of a potential turnaround ripple through Wall Street, Nike Inc. (NYSE:NKE) is signaling progress toward a second-half recovery, with improving sales trends, cleaner inventories, and stronger wholesale orders.
Analysts pointed to stabilizing margins and healthier back-to-school demand as signs that Nike’s turnaround is gaining traction despite tariff headwinds.
Bank of America Securities analyst Lorraine Hutchinson maintained a Buy on Nike with a price forecast of $84.
Also Read: Nike Shares Jump After JPMorgan Highlights Sales, Margin Inflection: ‘Just Buy It’
Hutchinson said Nike remains on track for stabilization in the second half of the fiscal year, with guidance for second-quarter sales expected to show sequential improvement from the mid-single-digit decline in the first quarter. The analyst noted that solid U.S. back-to-school trends should support Nike’s performance.
A message of healthier sales momentum …
Full story available on Benzinga.com
Could the iconic swoosh be gearing up for a surprise sprint in the latter half of the year? As whispers of a potential turnaround ripple through Wall Street, Nike Inc. (NYSE:NKE) is signaling progress toward a second-half recovery, with improving sales trends, cleaner inventories, and stronger wholesale orders.
Analysts pointed to stabilizing margins and healthier back-to-school demand as signs that Nike’s turnaround is gaining traction despite tariff headwinds.
Bank of America Securities analyst Lorraine Hutchinson maintained a Buy on Nike with a price forecast of $84.
Also Read: Nike Shares Jump After JPMorgan Highlights Sales, Margin Inflection: ‘Just Buy It’
Hutchinson said Nike remains on track for stabilization in the second half of the fiscal year, with guidance for second-quarter sales expected to show sequential improvement from the mid-single-digit decline in the first quarter. The analyst noted that solid U.S. back-to-school trends should support Nike’s performance.
A message of healthier sales momentum …Full story available on Benzinga.com Read MoreExpert Ideas, News, NKE, Price Target, Reiteration, Analyst Ratings, Trading Ideas, NKE, US6541061031, News, Price Target, Reiteration, Analyst Ratings, Trading Ideas, Benzinga News
