Tag: Elliott Hill
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JPMorgan becomes bearish on Nike due to its long turnaround plan
The bank downgraded its rating on Nike to underweight from neutral, on worries that its “Win Now” plan will weigh on financials for the next few years.
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Nike was once China’s sneaker king. Here’s why its sales have fallen 30%
China was once Nike’s fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.
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Nike is set to report earnings after the bell. Here’s what to expect
Nike is expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy.
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Nike has limited time to prove itself, especially after a tough analyst downgrade
Nike is on borrowed time if it cannot prove itself in its next quarterly report.
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RBC downgrades this apparel company on worries its turnaround will take longer than expected
The bank said Nike, while making some progress under Elliott Hill, is still struggling to mount a comeback.
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