Nike's Product Innovation Is The Most Important Catalyst For The Stock, Analyst Says
1. BofA maintains Buy rating on Nike with a $90 price target. 2. Nike clears old inventory to introduce new products, indicates shift in strategy. 3. Anticipated EPS for Q3 is $0.22, focusing on product reset over results. 4. Short-term margin pressure could bolster stock outlook as new products gain traction. 5. Investors will watch early product successes as a catalyst for re-engagement.