Barron’s reported on 6 October that Nike shares faced further pressure after Berenberg lowered its recommendation to Sell from Hold and cut its price target to $27.50 from $49. Separate coverage described the StockStock refers to an ownership interest in a company, generally represented by shares. The term belongs in Level 7 because it helps connect macro conditions, policy, or another as...Read More as heading towards a 13-year low. The supplied image claims a low exceeding a decade, but the exact price, trading timestamp and whether this was an intraday or closing low remain unresolved in this draft.
Nike shares faced further pressure after Berenberg downgraded the stock from Hold to Sell and cut its price target from $49 to $27.50. The downgrade reflects concerns over Nike’s weak sportswear business, China sales and a prolonged turnaround.
