Bank of America Cuts Nike (NKE) Rating to Sell as Wall Street Fandom Hits 25-Year Low
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Wall Street’s enthusiasm for Nike Inc. has reached the lowest in at least a quarter of a century as Bank of America Corp. became the latest to sour on the troubled sportswear firm.
The downgrade reflects a significant shift in sentiment towards Nike, indicating growing concerns about the company's performance and market position.
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“Wall Street’s enthusiasm for Nike Inc. has reached the lowest in at least a quarter of a century as Bank of America Corp. became the latest to sour on the troubled sportswear firm.”
Bloomberg — Wall Street’s Nike (NKE) Fandom at 25-Year Low as Bank of America Cuts to Sell