NKE - Nike Confronts Market And Product Transition Risks Analyst Warns | Benzinga
RBC Capital analyst Piral Dadhania maintained Nike Inc (NYSE:NKE) with a Sector Perform and lowered the price target from $100 to $75.
Dadhania noted some complacency in assessing Nike’s equity story in recent months. A combination of the Fragmentation Hypothesis, turning the fashion cycle away from Nike’s core competency, and tougher comparatives than peers has created a perfect storm.
Dadhania had been cautious about Nike, noting that the product transition would be a multi-quarter process with guidance risk, confirmed by material earnings dilution post fiscal 2025 guidance.
Nike should emerge as a stronger company pursuing a more radical overhaul, which is necessary, as per the analyst. Nike has some heavy ...