Piper Sandler downgrades $NKE

Apr 11
1 min read

Piper Sandler downgrades $NKE to Neutral ($50 PT).

Key concerns:

👟 Lack of innovation to fill the "Classics" void.

🧘‍♂️ Saturated athleisure market at "peakish" levels.

🏃‍♂️ Approaching tough year-over-year comps in running.

Piper thinks $NKE still is not "cheap."

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Piper Sandler downgrades $NKE

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