Nike Inc.
(NYSE:NKE) heads into its fourth-quarter earnings report with investor attention shifting away from the quarter itself and toward management's outlook for fiscal 2027.
In a research note released Wednesday, Bank of America Securities (BofA) maintained its Neutral rating on the footwear giant with a price forecast of $55.
Analyst Lorraine Hutchinson said investors are expected to focus more on Nike's forward guidance than on its fourth-quarter performance.
The firm maintained a Neutral rating, saying earnings estimates appear to be nearing a bottom, but the timing of a sustained sales recovery remains uncertain amid China's reset, sportswear category normalization, and volatile macroeconomic conditions.
