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Nike Slumps After Downgrade. Why the Stock Is in Trouble.
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- Published
- Sep 25, 2026, 6:46 PM UTC
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Bank of America analyst Lorraine Hutchinson cut Nike shares this week on an "underperform" rating of the stock.
Nike expects fourth-quarter revenue to decline between 2% and 4% year-on-year, implying a range of $10.66 billion and $10.88 billion, which is lower than the consensus estimate of $11.3 billion.