Exane BNP Paribas Downgrades Nike to Underperform
Portfolio Pulse from richadhand@benzinga.com
Exane BNP Paribas analyst Laurent Vasilescu has downgraded Nike (NYSE:NKE) from Neutral to Underperform.

July 25, 2023 | 8:22 am
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NEGATIVE IMPACT
Nike has been downgraded from Neutral to Underperform by Exane BNP Paribas, which could negatively impact the stock's performance.
Analyst ratings often influence investor sentiment and can impact a stock's price. A downgrade from Neutral to Underperform suggests the analyst believes the stock will underperform the market or its sector in the near term. This could lead to a decrease in the stock's price as investors adjust their positions based on this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100