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      HSBC Downgrades Nike Stock Amid Turnaround Concerns

      Nike's stock faced downward pressure on Monday following a downgrade by HSBC analyst Erwan Rambourg, who changed his rating from Buy to Hold. The analyst also reduced the price target for the stock from $90 to $48, reflecting concerns about the company's near-term prospects.

      Currently, Nike's shares are trading around $42, which is below the newly established target and represents a 33% decline year to date. This downgrade comes at a challenging time for the company, as it seeks to demonstrate a successful turnaround amid a lack of immediate catalysts for growth.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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