Nike, Fed's main inflation gauge, UK recession - what's moving markets

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Nike (NKE) cut at CFRA Research as 'company faces competition'

December 22, 2023 10:26 AM EST

Nike (NYSE: NKE) was cut to Sell from Hold at CFRA Research on Friday, following the company's latest earnings release, which resulted in its shares tumbling over 11%.

The firm maintained a $91 per share price target on the stock, and its FY 24 and FY 25 EPS... More