Nike stock: Investor sentiment is bottoming, says Truist

Investing.com12-21

Investing.com -- Nike Inc's (NYSE:NKE) turnaround strategy under new CEO Elliot Hill is creating short-term challenges but could set the stage for recovery by 2025, Truist said in a note. The company ...

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Such moves are expected to simplify year-over-year comparisons and create opportunities for growth in 2026.\nThe brokerage believes investor sentiment is nearing a bottom, noting that shares have been relatively stable despite consecutive guidance cuts.\nTruist said Hill’s decision to accelerate restructuring is prudent and positions Nike for long-term success, adding that the company's comprehensive plan could lead to outperformance in the coming years.\nRelated Articles\nNike stock: Investor sentiment is bottoming, says Truist\nVW reaches union deal to cut 35,000 German jobs after gruelling talks\nExclusive-Nippon Steel alleges undue White House influence on doomed deal review, letter says","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493474565"}