JPMorgan Upgrades IBM, Downgrades Nike and Nike Downgrades

IBM was upgraded by JPMorgan due to increased confidence in software acceleration. Additionally, JPMorgan made adjustments to its rating and price target for various companies, including downgrading Nike. However, other analysts have also cut their ratings on Nike.

JPMorgan upgraded IBM due to the firm's greater confidence in software acceleration . In contrast, the investment bank downgraded Nike, citing various challenges and delays.

J.P. Morgan made adjustments to its rating and price target for several companies today, including downgrading Nike. Notably, Nike shares fell following the downgrade.

Despite the negative rating changes, IBM's software growth continues to accelerate, as seen in JPMorgan's upgraded rating. Meanwhile, JPMorgan's views on various other companies, including Wells Fargo's downgrade of Ross Stores to Equalweight and its upgrade of IBM, indicate shifting analyst sentiment in the market today.