Stock Market Today, Sept. 25: Nike Downgraded by Bank of America, Shares Flat
On Sept. 25, 2026, the analyst firm slashed its price target to $30 from $47, citing weak wholesale momentum and China sales challenges.
Overview
NIKE (NYSE:NKE), a global athletic footwear and apparel brand, closed at $35.75, down 0.67%. Bank of America downgraded NIKE and cut its price target on the stock from $47 to $30. Investors are waiting for the Oct. 1 earnings report and for any potential guidance. Trading volume reached 34.2M shares, coming in nearly 23% above its three-month average of 27.8M shares.
The S&P 500 (SNPINDEX:^GSPC) rose 0.49% to 7,742, and the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.48% to 27,069. Among athletic footwear, apparel, equipment, and accessories peers, lululemon athletica (NASDAQ:LULU) closed at $101.30, down 0.33%, while Under Armour (NYSE:UAA) closed at $4.42, down 1.67%, showing mixed pressure across the category.
Details
An analyst with Bank of America lowered their price target on Nike stock from $47 to $30 on Friday, but the apparel juggernaut's shares largely remained flat. Over the last five years, however, NKE stock has lost three-quarters of its value.
Source
Originally published at www.fool.com.