Nike observes a decline in the enthusiasm of analysts to the lowest point in 25 years.
Wall Street’s excitement about Nike hit a record low in over 25 years, following Bank of America’s recent shift to a more negative outlook on the troubled sportswear company. Analyst Lorraine Hutchinson downgraded the sportswear manufacturer’s stock rating from “neutral” to “below market performance” (underperform), pushing back the projected sales recovery to 2028. Profit estimates…