Wells Fargo downgrades Nike due to longer than expected turnaround

From Investing.com: 2025-04-30 10:10:00

Wells Fargo has downgraded Nike, stating that the turnaround for the company is taking longer than anticipated. This news comes as a surprise to investors, as Nike has been a dominant force in the athletic apparel industry. The downgrade may have an impact on the stock price of Nike in the near future.



Read more at Investing.com: Wells Fargo downgrades Nike saying turnaround taking longer than expected