BofA Securities Keeps Sell Rating on Nike with $30 Target

BofA Securities analyst Lorraine Hutchinson has maintained her sell rating on Nike (NKE.US), keeping her target price at $30. According to TipRanks data, Hutchinson's success rate is 48.8% and she has an average return of 1.0% over the past year.

TipRanks provides analysis data from financial analysts and calculates their performance metrics. The analyst's success rate is based on whether her virtual portfolio earned a positive return from the stock, while total average return measures the average rate of return she has achieved.

Hutchinson's rating has been met with some scrutiny, but it remains to be seen how her predictions will play out in the long term. As investors consider Nike's current performance and future prospects, they would do well to keep Hutchinson's views in mind.