Nike shares are trading lower following Q4 earnings and soft FY25 guidance. Analysts at Stifel and Morgan Stanley downgraded the stock following the report.
Portfolio Pulse from Benzinga Newsdesk
Nike shares are trading lower following Q4 earnings. Analysts at Stifel and Morgan Stanley downgraded the stock following the report.
June 28, 2024 | 10:58 am
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Nike shares are trading lower after the company reported its Q4 earnings. Analysts at Stifel and Morgan Stanley have downgraded the stock, contributing to the decline.
The downgrades from Stifel and Morgan Stanley are significant as they are influential firms. Combined with the Q4 earnings report, this has led to a negative sentiment around Nike's stock, causing it to trade lower.
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