Evercore ISI Downgrades Nike Stock Amid Concerns Over Turnaround Progress

Veteran analyst Michael Binetti from Evercore ISI downgraded Nike (NKE) stock and cut its price target, citing ongoing concerns about the company's turnaround efforts. The firm reduced its fiscal 2027 earnings estimate below Wall Street expectations and highlighted issues in U.S. lifestyle stores and Jordan retro launches.

By Peace Longe · TheStreet · June 26, 2026, 14:33 UTC

Tickers: $NKE

Topics: analyst report consumer brands Evercore ISI Nike stock downgrade

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