NKE Stock Slips Premarket: BofA Sees Longer Turnaround, Cuts Price Target To $30

Nike (NKE) stock was in focus Friday after Bank of America Corporation (BofA) downgraded the athleticwear giant to 'Underperform' from 'Neutral' and cut the price target to $30 from $47, citing a longer-than-expected turnaround and weak earnings expectations, according to The Fly.NKE stock was down…