Analysts are Downgrading These 5 Stocks

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1. NIKE, Inc. (NYSE:NKE)

Number of Hedge Fund Holders: 72

Erste Group slashed its ratings for NIKE, Inc. (NYSE:NKE) from “Buy” to “Hold” on Wednesday, October 5. The research firm pointed towards the company’s increasing inventories, falling operating income and higher costs.

Earlier this week, Argus also downgraded NIKE, Inc. (NYSE:NKE) from “Buy” to “Hold.” Analyst John Staszak said the company is trimming prices to reduce inventory levels and the strategy is hurting its profit margins.

The latest downgrades came just days after NIKE, Inc. (NYSE:NKE) said its margins would likely stay under pressure in the remaining year.

You can also take a peek at 10 Best Nuclear Energy Stocks To Buy and 10 Best Cyclical Stocks for Inflation.

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