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.

Wall St Engine

@wallstengine

Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.

加入 March 2022

971 正在關注 196.1K 粉絲

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.