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0.000121403423576607 -0.000971227388612338 -0.000121403423576607 0.00199101614665535 0.00776981910889888 0.0132329731698434 0.0132329731698434 0.0132329731698434
Stock impact report

Nike Shares ‘Too Expensive' as Analyst Sees Stock Dropping 20% [Yahoo! Finance]

On Holding AG (ONON) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Car Dealerships Across US Halt Services After Cyberattack Putin's Hybrid War Opens a Second Front on NATO's Eastern Border Car Dealers Across US Are Crippled by a Second Cyberattack Hedge Fund Talent Schools Are Looking for the Perfect Trader What to Know About the Deadly Flesh-Eating Bacteria Spreading in Japan Williams Trading analyst Sam Poser cut his price target on Nike to $75, matching a Street low, saying in a note to clients that he doesn't expect the sneaker and athletic apparel maker “to get itself out of its current doldrums as it has when it faced challenges in the past.” Poser said the stock is “too expensive” and he does not expect the company to do anything to “deserve its current multiple.” His price target implies a more than 20% drop from Tuesday's closing price. Nike, which is due to report fourth-quarter results on June 27 after market close, rose as much as 1.4% to $96.09 on Thursday in New York. “The bloom is off the Swoo Show less Read more
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