Nike’s stock is one of the worst in the S&P 500 — and BofA says it’s not done sliding
Why now
Thesis: Nike turnaround hopes dashed by BofA
Catalyst to watch: Next Nike earnings report
Main risk: Further estimate cuts and downgrades
Why it matters
Analyst downgrade extending sales declines undermines the turnaround thesis and pressures consumer discretionary sentiment.
Details
BofA analysts say they now expect falling sales through May, dashing prior hopes for a “spring inflection.”
Sources
- marketwatch · 2026-09-25 18:54 UTC