From Financial Modeling Prep: 2025-01-10 17:10:00

Piper Sandler upgrades Nike from Neutral to Overweight, with a new price target of $90, citing confidence in Nike’s recovery trajectory and steps to address inventory challenges. CEO Elliott Hill leads efforts to streamline inventory and restore a pull-market dynamic, positioning Nike for long-term success despite lingering negative sentiment and increased short interest.

Analysts debate the timeline for Nike’s transition back to a pull-market environment, driven by product innovation. A bottom-up sales scenario suggests halving classic franchise product penetration and achieving an 80/20 full-price-to-off-price sales mix. This shift could accelerate Nike’s recovery within three quarters, according to Piper Sandler’s analysis.



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