Back to News
Market Impact: 0.32
Nike downgraded by BofA as channel and China pressures weigh on recovery
Source: proactiveinvestors.com
Analyst InsightsConsumer Demand & RetailCompany Fundamentals
Bank of America downgraded Nike to underperform, citing worsening sales-channel and macroeconomic pressures. The bank reduced its price target by 36% to $30 from $47 and cut its valuation multiple to 16x earnings from 22x, aligning it with the peer-group average.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
strongly negative
Sentiment Score
-0.55
Ticker Sentiment
BAC-0.10
NKE-0.85
More News
- Bond market alarms are ringing on Wall Street. Here's what's ahead
- Nike’s stock is one of the worst in the S&P 500 — and BofA says it’s not done sliding
- Costco just reported strong earnings. Goldman Sachs sees a sharp move higher for the stock
- One key part of the AI trade has decoupled from the rest. Why that is, and whether it can come back
- Nike stock still hasn't bottomed, analyst warns
- ‘Risks Are Rising' for Nike and It's Time to Sell the Stock, Says Bank of America
From AllMind Research
- Anthropic IPO Preview: Valuation, Timing, and What to Watch
- Shein After the IPO: Venue, Valuation, and What Must Be Proved
- What AI Research Tools Should a Small Hedge Fund Buy First?
- Weekly Update: In-App Tutorials, Futures Data, and Watchlist Enhancements
- AI Tools for Independent Research Firms: A Publishing System