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Bank of America Downgrades Nike as Investors Lose Faith in Its Turnaround
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- Published
- Sep 25, 2026, 8:49 PM UTC
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Bank of America just told investors that Nike's comeback is running a full year behind schedule, and the market is punishing the stock while its rivals barely flinch. Whether the selloff stays contained to one brand or spreads across athletic names is the question every investor in this space needs to answer now.
On September 26, 2026, Bank of America downgraded Nike Inc. (NYSE: NKE) from Neutral to Underperform, citing a slower-than-expected turnaround. The firm lowered