Nike Stock Upgrade: Barclays Sees Turnaround
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Barclays upgrades Nike stock, predicting a turnaround after months of struggles. Despite a 25% drop in the past year, the bank moves the stock to overweight and raises its price target to $73. They cite operational improvements, better financial trends, and more disciplined actions from leadership as signs of a fundamental bottom. Nike reports Q3 results on March 31st, with stronger North American trends and stable margins potentially sparking a rebound.
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