12 High Yield Fortune 500 Stocks to Buy Now

8. NIKE, Inc. (NYSE:NKE)

Dividend Yield as of June 11: 3.57%

NIKE, Inc. (NYSE:NKE) is engaged in the designing, marketing, and distribution of athletic footwear, apparel, equipment, and accessories and services for sports and fitness activities.

On June 10, RBC Capital analyst Piral Dadhania downgraded NIKE, Inc. (NYSE:NKE) from ‘Outperform’ to ‘Sector Perform’, while also cutting the firm’s price target on the stock from $70 to $50. The lowered target still indicates an upside of almost 14% from the current levels.

According to RBC, Nike’s turnaround under the leadership of CEO Elliott Hill is making progress, but it is “slower and narrower” than expected. The firm believes that while the upcoming FIFA World Cup and Nike’s “ongoing clean up activities” provide some support, the company lacks enough growth engines to deliver a sustained improvement in sales trends throughout 2026. As a result, the analyst firm sees a limited upside for the stock in the near term.

After reducing its earnings estimates below consensus, RBC believes that NIKE, Inc. (NYSE:NKE) valuation appears stretched compared to the growth prospects of its peers.

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