17:20 - 28.07.2025

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July 28, Fineko/abc.az. Nike shares rose nearly by 2% after JP Morgan upgraded the stock to "Overweight," noting signs of a recovery in inventory levels, demand from retailers, and profitability.

ABC.AZ informs that the broker company stated that the company appears to be overcoming a period of weak sales and significant discounts, and raised its target price up to $93 for December 2026.

Nike expects to rebalance inventory and sales by the end of Q2 of fiscal year 2026, after writing off approx. $500 million to eliminate unsold items in the 2nd half of fiscal year 2025.