GeneralBearishBlockonomi · 3h ago6/10
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Nike (NKE) Stock Falls as Evercore Sounds Alarm on Deepening Challenges
Evercore ISI downgraded Nike to "In Line" with a $46 price target, citing structural headwinds including U.S. retail channel weakness, Jordan brand underperformance, and European supply chain delays. The downgrade signals growing concerns about Nike's ability to maintain market momentum amid competitive pressures and operational challenges.