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 pressure on profitability during the company's turnaround. Nike's stock currently trades at a high forward earnings multiple, and several analysts have lowered their price targets, signaling concerns about the company's ability to generate sustainable profits and demand.
Tickers: $NKE
Topics: analyst downgrade earnings performance Nike S&P Global stock forecast