GeneralBearishBlockonomi · 4h ago5/10
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Nike (NKE) Stock Slides as RBC Downgrades on Sluggish Recovery Timeline
RBC Capital Markets downgraded Nike to Sector Perform with a $50 price target, citing prolonged recovery delays and persistent market share erosion. The downgrade reflects investor concerns about the athletic apparel company's ability to execute its turnaround strategy amid competitive pressures and changing consumer preferences.