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Why Nike Shares Are Sinking Today

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Oppenheimer analyst downgraded Nike Inc (NYSE:NKE) to Perform from Outperform and lowered the price target to $110 (from $150). 

Also, the company reportedly plans to reduce over 1,600 jobs to enhance focus on key categories like running and women’s apparel.

This is at par with the company’s aim to deliver up …

Full story available on Benzinga.com

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