Nike plots $100 sneaker line as shares plunge in worst-ever drop
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Argus Reiterates Hold Rating on Nike (NKE)
July 1, 2024 1:10 PM EDTArgus analyst John Staszak reiterated a Hold rating on Nike (NYSE: NKE).
The analyst comments " Weakening demand We remain concerned about Nikes $7.5 billion in inventory. The company will need to cut prices to clear this inventory, which will weigh on margins and earnings in... More
