Nike shares are trading lower after OTR Global downgraded the stock from Positive to Mixed.
Portfolio Pulse from Benzinga Newsdesk
Nike's shares are trading lower after OTR Global downgraded the stock from Positive to Mixed.
June 20, 2023 | 2:35 pm
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Nike's stock downgraded by OTR Global, causing shares to trade lower.
OTR Global, a well-known research firm, has downgraded Nike's stock from Positive to Mixed. This downgrade is likely to have a negative impact on the stock price in the short term, as investors may perceive this as a sign of weakening fundamentals or growth prospects for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100