BofA Downgrades Nike to Underperform Ahead of Earnings
Nike NYSE:NKE fell 2.03% in premarket after BofA Securities downgraded the stock to Underperform from Neutral and cut its price target to $30 from $47, citing downside risk to both earnings estimates and valuation. The firm said Nike's innovation push is still being overshadowed by pressure on its…
03% in premarket after BofA Securities downgraded the stock to Underperform from Neutral and cut its price target to $30 from $47, citing downside risk to both earnings estimates and valuation. The firm said Nike's innovation push is still being overshadowed by pressure on its…