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Stock impact report

S&P Global resets Nike's stock forecast [Yahoo! Finance]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Company Research Source: Yahoo! Finance
The brand still has global scale, strong partnerships, and a clear strategy. What's missing right now is proof that those efforts are translating into real demand and sustainable profits. Weak Q4 outlook shows Nike isn't "winning now" yet Nike now trades at about 1.5 times sales , which seems historically cheap. However, the stock trades at a non-trivial 28 times forward earnings , which could, unfortunately, give the stock room to fall further if there are execution missteps. On April 17, S&P Global revised its outlook on Nike to negative due to pressure on profitability during the turnaround. HSBC downgraded the stock from buy to hold and slashed its price target from $90 to $48 , according to MarketBeat . Nike stock currently trades around $46 per share, implying the firm no longer sees meaningful upside. Other firms such as UBS , Stifel, and Truist also lowered their targets, though most kept more neutral or positive ratings. Nike's sell-off was primarily driven by weak Show less Read more
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