Nike gets another downgrade as Citi points to turnaround challenges - MarketWatch
1. Citi downgraded Nike from buy to neutral, citing turnaround challenges. 2. Management's hope for fiscal 2026 growth is significantly diminished. 3. Nike's stock fell 31.4% in 12 months, hindering market competitiveness. 4. New CEO aims to refocus on premium sports products and brand image. 5. Analysts doubt Nike's ability to regain market shelf space and margins.