Nike gets another downgrade as Citi points to turnaround challenges
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Citi has downgraded Nike Inc.'s stock from buy to neutral due to challenges the company faces in its turnaround efforts.
February 07, 2025 | 3:00 pm
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Citi has downgraded Nike's stock from buy to neutral, indicating concerns about the company's ability to overcome current challenges in its turnaround strategy.
The downgrade from Citi reflects a lack of confidence in Nike's current turnaround strategy, which could lead to a negative short-term impact on the stock price as investors may reassess their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100