Nike Slips as Inflation Fears and Two Cautious Broker Notes Weigh on the Stock
Published on 11/11/2026 at 02:51 | Editorial boerse-global.de
Nike shares fell 2.2% on Thursday, changing hands at EUR 34.76, as a broader market pullback compounded the pressure from a pair of downbeat analyst moves. Higher-than-expected October inflation data pushed US Treasury yields higher and revived worries about further interest rate hikes from the Federal Reserve, dragging on equities across the board. AP counted Nike among the stocks that retreated in that environment.
Truist Flips to Sell, Keeps $29 Target
Truist Securities cut its rating on the sportswear maker from "Hold" to "Sell" on Thursday, though analyst Joseph Civello left his price target unchanged at $29. Civello pointed to valuation concerns and persistent headwinds facing the business. The downgrade sharpened the firm's stance without touching its target, meaning the more critical view applied to the rating itself while the core reservations about the company's valuation and ongoing challenges stayed put.
Truist also offered a read on the stock's recent rebound, attributing it to investors rotating money between sectors rather than to any improvement in the underlying business.
Should investors sell immediately? Or is it worth buying Nike?
Morgan Stanley Sees a Two-Year Revenue Reset
Morgan Stanley, for its part, had trimmed its price target to $25 from $27 on November 4, keeping its "Underweight" rating. The analysts cautioned that the company's revenue realignment could stretch beyond two years — a warning aimed squarely at the long term rather than the next quarter or two.
Pitch and Pavement: Tiempo Capsule With Kids Of Immigrants
Amid the market noise, Nike also unveiled a fresh footwear collaboration with Kids Of Immigrants on Thursday. The collection features designs of the Nike Tiempo Maestro Elite and the Tiempo Streetgato, with the two partners positioning the lineup for both the soccer pitch and the street. It marks another joint project between the two.
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Nike Stock: New Analysis - 11 November
Fresh Nike information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
