Nike Negativity Could Spread To Retailers

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Jonathan Komp cheap adidas superstar of Baird Equity research does not believe Nike is out of the woods just yet, but negative sentiments are embedded into expectations. “Even though FQ1 EPS cheap air jordan 10 probably does not have a lot of upside and a higher conviction buying opportunity could arise post the October 25 investor day, we still see a positive one-year-out risk reward for the stock,” said Komp. As adidas AG (ADR) ADDYY 0.12% continues to cheap air max 95 steal headlines and put pressure on Nike, Komp remains positive on Nike given its current low sentiment. The firm maintains an Outperform rating on Nike with a $65 price target.