As time approaches Nike Inc (NYSE:NKE) delivering its second-quarter print on December 20th, Wedbush analyst Christopher Svezia remains sidelined amid share hurdles, reiterating a Neutral rating on NKE while trimming the price target $1 down to $52, which represents a 1% upside from where the shares last closed.

Additionally, the analyst cuts his EPS estimates for the financial year of 2017 from $2.38 to $2.35 while pulling back EPS estimates for the financial year of 2018 from $2.60 to $2.57, which are respectively $0.02 and $0.11 under consensus expectations.

Svezia opines, “We believe market share challenges in the US, higher promotional levels and potentially the need to further invest will pressure margins. Since NKE’s last call, market share declines continue for the Nike brand while ASPs are still under pressure. While futures will only now be disclosed in the 10Q, our conversations with retailers still indicate NKE will likely be ceding share in the US well into 2017 to adidas, Puma and UA with international growth largely an offset.”

Previewing the second quarter, the analyst anticipates sales will rise 6% and NKE will bring in EPS of $0.44, $0.01 ahead of consensus. Svezia explains, “We don’t see risk to 2Q given management reset expectations coming out of the last quarter.”

Overall, “A combination of commentary from retailers regarding recent category and product sifts and the general view that other leading brands will grow faster in 2017 leads us to believe that NKE will continue to lose share, particularly in premium wholesale distribution,” the analyst concludes.

As usual, we like to include the analyst’s track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance. According to TipRanks, five-star analyst Christopher Svezia is ranked #404 out of 4,273 analysts. Svezia has a 54% success rate and realizes 16.2% in his yearly returns. When recommending NKE, Svezia yields 3.2% in average profits on the stock.

TipRanks analytics demonstrate NKE as a Buy. Based on 28 analysts polled by TipRanks in the last 3 months, 17 rate a Buy on NKE stock, 10 maintain a Hold, while 1 issues a sell. The 12-month average price target stands at $61.91, marking a nearly 21% upside from where the shares last closed.