Nike: Why Barclay's is bullish on the stock calling it the 'best idea of 2024'

Barclays is reiterating its Overweight rating and $142 per share price target on Nike (NKE). Barclays Consumer Discretionary Senior Analyst Adrienne Yih — who named the athletic apparel brand Barclays' "Best Idea of 2024" — joins Yahoo Finance Live to discuss the biggest catalysts for Nike's stock, including its supply and inventory, and what trends may be detracting from Nike's growth.
"[Investors] should be grading the company on what is new and the incremental unit newness. so, what's going to get the consumer to spend... dollars on a new pair of shoes," Yih says. "I can appreciate the retro... side of things, but that's... been the problem with Adidas, with Vans, and with Nike. they're selling the same things over and over, and it's getting, quite frankly, kind of boring. They sort of missed out on what I call the 'Sole Wars'..."
#youtube #NIKE #stockmarket
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