Business

Nike Stock Downgraded Ahead of World Cup

Updated 2026-06-10 11:55 UTC 1 source Negative

RBC Capital Markets downgraded Nike's stock from $70 to $50 just before the start of the World Cup. This move reflects concerns about the company’s performance and market expectations.

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MarketWatch

Nike has just had its stock downgraded one day before the World Cup starts

RBC Capital Markets reduced its 12-month price target from $70 to $50.

2026-06-10 11:48 UTC