BofA Downgrades Nike to Underperform; Shares Fall Over 2% Premarket

Bank of America cut Nike to Underperform from Neutral on Sept. 25, 2026, per Investing.com. Underperform means BofA expects the stock to lag the market. Shares fell more than 2% premarket. For savers holding Nike in index funds, I read it as waning patience for a slow recovery.