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

Reuters34minutes ago

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.

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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.

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