Wall Street Turns Bearish: Top Analysts Downgrade Nike, Comcast and More

Bearish sentiment has struck Wall Street, as several top analysts have downgraded their outlook on prominent stocks. One analyst who recently turned bearish is Lorraine Hutchinson of B of A Securities, who downgraded Nike Inc (NYSE:NKE) from Neutral to Underperform and cut the price target from $47 to $30.

Nike closed at $35.99 on Thursday. Keybanc analyst Brandon Nispel also expressed his skepticism, downgrading Comcast Corp (NASDAQ:CMCSA) from Sector Weight to Underweight with a price target of $18. The shares closed at $22.13 on Thursday.

A number of other analysts have joined the chorus of bearish predictions, including HSBC's Stephen Bersey, who downgraded Twilio Inc (NYSE:TWLO) from Hold to Reduce with a price target of $211. The shares closed at $299.66 on Thursday.