Nike Inc. (NKE) Stock: Barclays Backs Recovery Despite Weak China Sales

TLDR Nike stock rises 0.27% to $33.96 as Barclays keeps its Buy rating Barclays cuts Nike’s price target to $37 from its previous $48 level Nike revenue falls 4% to $11.21 billion and misses Wall Street forecasts China sales drop 26% as Nike faces weaker demand and local competition Nike shares remain down 47% in [...]

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