https://www.live-feeds.com/feed/bank-of-america-drops-bombshell-verdict-on-nike-stockContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-drops-bombshell-verdict-on-nike-stockhttps://www.live-feeds.com/feed/bank-of-america-drops-bombshell-verdict-on-nike-stock#u97853Sun, 04 Oct 2026 02:56:36 +0000Bank of America downgraded Nike to sell and slashed its price target from $47 to $30 on September 25, 2026, citing a stalled turnaround, weak sales in China, margin pressure, and a payout ratio above 100 percent. The bearish rating drove Nike stock down nearly 10 percent in premarket trading. Wall Street enthusiasm for the apparel giant has dropped to its lowest level in 25 years. The severe downgrade precedes Nike reporting its fiscal first-quarter results after the market close on October 1, 2026.Why it mattersNike shares have declined significantly, falling nearly 50 percent amid persistent