BTIG downgrades Nike, says Covid impact on supply chain will hit stock

Published Mon, Sep 13 20217:09 AM EDTUpdated Mon, Sep 13 20218:34 AM EDT

A man walks past the Nike logo seen in a window of a brand store in Kiev.

Pavlo Gonchar | LightRocket | Getty Images

The supply-chain concerns caused by Covid are about to become a major problem for Nike, according to investment firm BTIG.