Nike Stock Turnaround Path Clear, Analyst Says: 'Getting Back To Winning Takes Time'

Nike Inc NKE analysts are highlighting the company’s new turnaround plan under CEO Elliott Hill with a focus on inventory, product innovation and wholesale partnerships being key takeaways Friday following the company’s second-quarter financial report.The Nike Analysts: Telsey analyst Cristina Fernández downgraded Nike shares from Outperform to Market Perform and lowered the price target from $93 to $80.JPMorgan analyst Matthew Boss maintained a Neutral rating and a price target of $73.Goldman Sachs analyst ...