Nike Inc. (NYSE:NKE) shares slid 12% since April tariff headlines, underperforming the S&P 500. Despite this, BofA maintains a Buy rating, citing manageable tariff risks and streamlined inventory ...

While BofA lowered its price target for Nike to $80 from $90 due to multiple compression, it maintained a positive outlook.

US brands have already been struggling in China amid aggressive local competition and flagging domestic economy. As of the latest quarter, Nike sold $1.73 billion of goods in Greater China ...

Yet Target's shares were not spared in Thursday's stock market bloodbath, falling 12% as it became clear that less China exposure had its limits. Ditto for Nike, which said in its most recent ...