“Friday's First Moves: AMD Price Target Hike, TWLO & NKE Downgrades”Bank of America
BofA downgrades NKE to underperform ($30 PT) citing negative sales through FY2027 and no recovery until FY2028; speaker sees eventual transformation but patience is running out.
Let's talk about Nike. I conducted my own poll on the subway today. Nike shoes were more popular than other sports shoes. I looked for OnCloud, Adidas and Puma shoes, and I like to conduct this survey on the subway to see what people are wearing, and Nike was the most present.
But let's talk about the stock. You might need to start your own "Nicole" survey when it comes to this sportswear manufacturer. Listen, Nike is receiving another rating downgrade now, and the stock is down more than 1%, around 1.5% currently.