Nike's Forward March Hits Speed Bumps: Analyst Identifies Red Flags In SEC Filing
NIKE(NKE) Benzinga·2024-10-10 00:12
JPMorgan analyst Matthew R. Boss flagged several troubling signs for Nike Inc NKE, which may have investors tightening their seatbelts.Boss maintains a neutral rating with a price target of $77 for December 2025 on Nike stock. His insights from the filing reveal potential challenges that could impact Nike’s growth trajectory.Ominous Omission: Supply Chain ConcernsA significant red flag Boss noticed in Nike’s latest 10-Q filing is the absence of the "Supply Chain Conditions" reference, a staple in previous q ...