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      Nike Downgraded While Affirm Receives Upgrade Amid Analyst Calls

      Baird has downgraded Nike Inc. (NKE) to Neutral from Outperform, reducing its price target from $70 to $44. The firm expressed concerns over negative developments following Nike's earnings report in late June, despite maintaining a belief in the company's long-term earnings potential and turnaround strategy. Additionally, Baird downgraded Dick's Sporting Goods (DKS) and VF Corp. (VFC) to Neutral from Outperform.

      In contrast, Wolfe Research upgraded Affirm Holdings Inc. (AFRM) to Outperform from Peer Perform, setting a price target of $90. The firm noted that the stock's risk/reward profile has improved following its underperformance since a strong fiscal fourth-quarter report. This upgrade reflects a more favorable outlook for the company amid changing market conditions.

      Other notable upgrades include Compass Point raising Coinbase (COIN) to Neutral from Sell, with a price target increase to $177, and UBS upgrading Allegiant Travel (ALGT) to Buy from Neutral, with a price target of $107. Meanwhile, Melius Research downgraded several aerospace companies, including GE Aerospace and Honeywell Aerospace, citing anticipated slowing sales in the commercial aviation aftermarket after years of growth. Morgan Stanley also downgraded Stellantis (STLA) to Underweight, highlighting concerns over its product pipeline.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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