S&P Global Downgrades Nike's Stock Outlook Amid Weak Guidance and Profit Pressures
S&P Global has downgraded Nike's stock outlook to negative due to weak guidance and profit pressures. Nike's stock has fallen 28% this year, with concerns over its turnaround timeline and profitability. Analysts have lowered price targets, with HSBC cutting its target from $90 to $48.
Tickers: $NKE
Topics: analyst downgrade earnings guidance market performance Nike stock forecast