JPMorgan Maintains Underweight Rating on Nike (NKE.US): Mired in Restructuring Pain, Performance Pressure May Persist Through Fiscal 2028

Zhitong Finance APP has learned that recently, JPMorgan released a US equity research report on Nike (NKE.US). The research team participated in an in-person meeting with Nike's new CFO Denton, updated its earnings assumptions based on management's statements, maintained its "Underweight" investment rating on Nike, and kept its December 2027 target price at $33. The report warns that, affected by the Jordan Brand and the strategic reshaping of Greater China, the company's performance pain period may be extended to fiscal 2028.