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News articleYahoo Finance· July 6, 2026

Bank of America resets Nike stock target on recovery plan

View original at finance.yahoo.com

Lo que extrajimos de esta fuente

The claims Via News extracted from this document. We point to the source; we don't replace it.

  • Nike's fourth quarter 2026 results were in line with expectations, but the bigger change was the company's weaker sales outlook

    60% confidence

  • Hutchinson lowered the price target because Nike's sales recovery is taking longer than expected

    60% confidence

  • Earnings expectations remain largely intact because gross-margin expansion is expected to begin in the first quarter, earlier than previously expected, and because Nike is using cost controls to protect profit

    60% confidence

  • BofA kept its fiscal 2027 earnings estimate at $1.60 a share, saying lower sales should be offset by cost control and stronger gross margin

    60% confidence

  • Nike's latest earnings summed up as a 'Choppy recovery'

    60% confidence

  • BofA raised its fiscal 2028 earnings estimate to $2.13 from $2.00, reflecting lower selling, general, and administrative expenses

    60% confidence

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