Why Is Nike Stock Falling on Friday?
Nike Inc. (NYSE: NKE) stock fell Friday after BofA Securities downgraded the stock to Underperform and lowered its price target to $30, citing wholesale and China sales pressure.
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Why It Matters
A big bank analyst said Nike stock looks less attractive right now. They worry about Nike's sales in stores and China slowing down.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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