Jefferies downgrades Nike, says wholesale and China pressures will keep stock in check
Investors may want to stay away from Nike as near-term headwinds weigh on the sports retailer, according to Jefferies. Analyst Randal Konik downgraded the apparel giant to hold from buy. He also lowered his price target by $40 to $100, which suggests roughly 10.1% upside from Friday’s close. “We see incremental risk ahead for NKE…