China Accounts Smaller Share In Nike Sales Compared To Pre-Pandemic Levels, But Tariff Pressure Still Persists: Analyst
BofA Securities analyst Lorraine Hutchinson reiterated a Buy rating on the shares of Nike Inc NKE on Friday and lowered the price forecast from 80.00.Nike shares have lagged behind the S&P 500 since the April 2 tariff news, falling 12% compared to the index's 5% decline.Despite this, analysts believe the current tariff exposure remains controllable, and reduced consumer interest in American labels within China has already been factored into the stock.Also Read: What Is The Tariff Risk For Procter ...