The company on Thursday forecast a mid-single-digit percentage fall in fiscal 2025 revenue, compared to analysts' estimates of a near 1% rise, dragging shares of rivals and sportswear retailers across Europe, UK and U.S. on Friday. British sportswear retailer JD Sports fell as much as 6.6% and Germany's Puma lost 3%, while Adidas briefly rose more than 1.5%. "We think Nike's long-term growth and profitability trajectory is subsequently both unclear," Morgan Stanley analysts led by Alex Straton said, downgrading the company's stock to "equal-weight" from "overweight."
Key Insights Using the 2 Stage Free Cash Flow to Equity, JD Sports Fashion fair value estimate is UK£1.89 JD Sports...
Most readers would already be aware that JD Sports Fashion's (LON:JD.) stock increased significantly by 14% over the...