This Amer Sports Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday
Analysts initiate: Buy—Abivax ($155), Amer Sports ($42) and more
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Chip Wilson’s divorce puts his 8.7% Lululemon stake under scrutiny, but other assets could help avoid a sale amid weaker sales.
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Analysts initiate: Buy—Abivax ($155), Amer Sports ($42) and more
Morgan Stanley analyst Alex Straton reinstates Amer Sports (NYSE:AS) with a Equal-Weight and announces $31 price target.
BTIG analyst Janine Stichter initiates coverage on Amer Sports (NYSE:AS) with a Buy rating and announces Price Target of $42.
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Nike Inc (NYSE:NKE) stock is sliding Tuesday, falling below its 52-week low as broader weakness across consumer discretionary stocks continues, with multiple analysts also cutting price targets on the stock this week.
NIKE's Q4 wholesale revenues grew 1% overall, with strong North America performance (+10%) offset by significant international weakness, particularly in Greater China (-19%). The company is implementing product innovation, franchise refreshes, and reduced promotions to rebuild demand, though the turnaround is expected to take time amid cautious consumer spending and intense competition.