NIKE: What We Expect From The Upcoming Investor Days
· seekingalpha.com
Analyst rates NIKE a Sell: its ~30x forward P/E implies only a 10%-12% IRR, too little for turnaround risks as revenue and EBIT margins deteriorate.
NIKE ( NKE ) has bounced from a 12-year low in October to about $38 ahead of its Investor Days on Monday and Tuesday, November 16-17. We think the market's asse...