Evercore ISI has downgraded Nike and cut its price target, signaling skepticism about the sportswear giant’s ability to execute its current turnaround strategy.
Evercore ISI has lowered its price target for Nike Inc, marking the only analyst downgrade for the stock this week.
The research firm’s move signals deepening skepticism regarding the sportswear giant’s ability to successfully execute its current turnaround strategy.
The cut comes as Nike faces renewed selling pressure from Wall Street, with investors growing increasingly impatient with the company’s operational challenges.