Bank of America has downgraded Nike shares to underperform from neutral, according to The Business of Fashion.
The report said the bank also pushed back expectations for a sales recovery at the sportswear group until 2028. The move marks a more cautious view on the timing of Nike’s turnaround, as investors continue to assess the pace of its recovery.
The downgrade comes as Nike remains one of the most closely watched names in global sportswear retail, with analysts tracking how quickly the company can return to stronger growth after a period of softer sales performance.
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