Nike Shares Dip as Foot Locker Cuts Sales, Profit Forecasts

Investing7minutes ago

Express News | Nike Shares Down 1.7% Premarket After Sporting Goods Retailer Foot Locker Lowers Annual Results Forecast

Reuters07:09 ET

Bank of America Securities: Reaffirms shenzhou international group holdings limited unsponsored adr "buy" rating with a target price of 85 Hong Kong dollars.

Bank of America Securities released a research report stating that recent channel checks on shenzhou international group holdings limited unsponsored adr (02313) and the OEM supply chain show a healthy trend for the second half of this year. Despite some uncertainties with Nike, it basically aligns with the order outlook for 2025, and industry consolidation continues. A target price of 85 Hong Kong dollars is given, along with a reaffirmed 'buy' rating for shenzhou international group holdings limited unsponsored adr. The bank expects the company's sales growth to reach the mid-teens percentage in 2024, with a sales increase of over 10% expected in the second half of the year.

Sina Hong Kong stocks02:39 ET

XRP Becomes Third-Most Valued Crypto — Beats Boeing, Nike In Market Capitalization

Benzinga22:14 ET

Hong Kong stock movement | Shenzhou International Group Holdings Limited Unsponsored ADR (02313) fell nearly 3%. Nike is currently at a low point in its operation, and institutions expect a turnaround in difficulties around the first half of 2025.

Shenzhou International Group Holdings Limited unsponsored ADR (02313) fell by nearly 3% as of the time of publication, down 2.6% to HK$58.1, with a turnover of HK$93.5314 million.

Zhitong Finance21:15 ET

Nike (NKE) Stock Sinks As Market Gains: What You Should Know

Yahoo Finance17:45 ET