JPMorgan Downgrades Nike to Underweight Due to Long Turnaround Plan

JPMorgan has adopted a bearish stance on Nike, downgrading its rating to underweight from neutral, citing concerns that the company's 'Win Now' plan will negatively impact its financials for several years.

4 Aug, 11:49 — 4 Aug, 11:49

Post Share

Sources

Showing 1 of 1 sources

cnbcMostly Factual11d ago

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.

Read full article →

PERSPECTA

PERSPECTA

JPMorgan Downgrades Nike to Underweight Due to Long Turnaround Plan

Sources

JPMorgan becomes bearish on Nike due to its long turnaround plan

Related Stories

Bijelo Polje Company and Turkish Citizen Face Tax Evasion Charges

Inland Shipping Industry Faces Low Water Crisis on Rhine

Yugo Road Trip Documentary and Economic Insecurity Film Screen at Sarajevo Film Festival

Proposal to Bypass Strait of Hormuz with Oil Pipeline Through Syria

PERSPECTA