The investment bank's research arm downgraded the apparel giant to hold from buy.
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Nike’s latest quarterly report showed the company is righting its ship, according to KeyBanc.
Severe issues in China and a weak outlook discouraged investors, sending Nike shares down sharply.
It's hard for the market to have faith in Nike when its guidance continues to fall short of expectations.
Nike is poised to see even more gains following its better-than-expected results for the fiscal fourth quarter, HSBC said on…
Nike's turnaround is taking longer than expected.
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