Nike Underperforms, Price Target Lowered
This is a Decker news story, published by Yahoo Finance (Canada), that relates primarily to Jim Duffy news.
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apparel giant NikeYahoo Finance (Canada)
•Nike’s stock is under pressure. Blame dad shoes.
65% Informative
Nike 's shares have declined by 17% , in contrast to the S&P 500's 28% gain.
Nike has lagged behind its competitors, including On Holding (ONON) ( +55% ) Skechers (SKX) (+44%) and Decker 's Outdoor ( DECK ) (+87%) Stifel analyst Jim Duffy suggests that Nike 's challenges may continue.
Duffy has lowered his price target for Nike to $ 79 , indicating that profit forecasts may be overly optimistic.
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