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Home>Nike downgraded on increased competition and growth risk

Nike downgraded on increased competition and growth risk

3party Content

Mon, 21 Aug 2017

Nike Inc. (NKE) was downgraded to hold from buy at Jefferies on concern that increased competition in the U.S. is putting growth and margins at risk. Jefferies cut its price target to $60 from $75. Jefferies analysts led by Randal Konik cite market data that shows increased website visits, market

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