2024-06-13 11:06:21 ET
Deutsche Bank resumed coverage of leading names in the sportswear/footwear sector, taking a mostly bullish outlook by placing a Buy on Nike ( NYSE: NKE ), Birkenstock ( NYSE: BIRK ), and Skechers ( NYSE: SKX ) but a Hold on Lululemon ( NASDAQ: LULU ). The company stands out as the only cautious rating in light of challenges from ascendant competitors and shifting consumer tastes....
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Deutsche Bank bullish on Nike, Birkenstock, and Skechers, but sees competition holding back Lululemon