Nike Stock Drops After Barclays Downgrade on Rising Inventory Risk By Investing.com


© Reuters. Nike (NKE) Stock Drops After Barclays Downgrade on Rising Inventory Risk

By Senad Karaahmetovic

Shares of Nike (NYSE:) are down almost 3% in premarket trading Tuesday after a Barclays analyst downgraded to Equal Weight from Overweight and cut the price target to $110 from $125 per share.

The analyst outlined 5 key factors…

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