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via barrons.comBusiness & Companies

Nike slapped with Sell rating as trouble runs deeper than fading Jordan magic

FROM THE WIRE · BARRONS.COM

Truist Securities downgrades Nike to Sell, throwing in the towel on the shoe maker's sluggish turnaround.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Sell downgrade on Nike signals doubts about the company's sluggish turnaround.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Truist Securities downgrades Nike to Sell.
  2. 02The reason is the shoe maker's sluggish turnaround.
  3. 03The headline points to trouble deeper than fading Jordan appeal.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NIKE, Inc.NKEStock39.48 USD-0.95%today -2.49%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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