Nike's Turnaround Story Shows Momentum, But Can They Counter China?
1. Nike reported Q1 revenue of $11.72 billion, exceeding estimates. 2. Sales recovery indicates optimism in Nike's turnaround strategy. 3. Analyst maintains Buy rating with a price target of $84. 4. Apparel units grew by 10%, but Greater China underperformed. 5. Nike reduces share buybacks to conserve cash amid lower earnings.