Wall St Engine(@wallstengine):BofA downgraded $NKE to Underperform, cutting its price target to $30 from $47. The firm says Nike’s innovation continues to be overshadowed by pressure on its classics business. It now expects sales declines through FY27, versus its earlier expectation for a spring recovery. BofA cut FY27 and FY28 EPS estimates by 11% and 12%, respectively, putting its FY27 estimate 14% below consensus.

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Wall St Engine@wallstengine

2026.09.25 10:49

BofA downgraded $NKE to Underperform, cutting its price target to $30 from $47. The firm says Nike’s innovation continues to be overshadowed by pressure on its classics business. It now expects sales declines through FY27, versus its earlier expectation for a spring recovery. BofA cut FY27 and FY28 EPS estimates by 11% and 12%, respectively, putting its FY27 estimate 14% below consensus.