Wall Street’s Nike (NKE) Fandom at 25-Year Low as Bank of America Cuts to Sell
Bank of America downgraded Nike to a sell rating, contributing to Wall Street's lowest level of enthusiasm for the sportswear company in 25 years.
Wall Street’s enthusiasm for Nike Inc. has reached the lowest in at least a quarter of a century as Bank of America Corp. became the latest to sour on the troubled sportswear firm.
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