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-0.00143319619612872 -0.00468739461792671 -0.00696364740001348 -0.00534497875497416 0.00401294934916031 0.0203682471167464 0.0263370877453295 0.0246846968368517
Stock impact report

Evercore ISI Lowers NIKE, Inc. (NKE) PT, Notes Shares May Reflect Current Uncertainty [Yahoo! Finance]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
TheFly reported on March 27 that Evercore ISI reduced its price target on NKE to $69 from $77 while maintaining an Outperform rating. The firm noted that Nike's recovery is progressing more slowly than expected, with China remaining an important near-term variable for the stock. Even so, Evercore believes the shares appear undervalued ahead of the company's fiscal third-quarter earnings report, suggesting the recent weakness may already reflect much of the current uncertainty. More recently, on March 30, Reuters reported that NIKE, Inc. (NYSE:NKE)'s difficulties in China are being driven by operational shortcomings, intensifying domestic competition, and softer consumer demand. China contributes roughly 15% of Nike's global revenue, making improvement in the region increasingly important. However, weaker economic conditions and the prolonged property downturn have reduced spending among Chinese consumers, creating additional pressure on sales. At the same time, local brands have ga Show less Read more
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