Type: rating_drop

Analysts RBC Capital Markets downgraded Nike (NKE) to Hold and reduced price target to $50 amid slow turnaround efforts

Nike's stock has significantly underperformed this year, prompting analysts to downgrade the company amid concerns over the slow pace of its turnaround efforts under CEO Elliott Hill. Investors are increasingly anxious about the company's ability to recover, especially with disappointing forecasts for its China revenue.

Analysts Oppenheimer downgraded AT&T (T) to Perform due to competition from SpaceX’s upcoming IPO and satellite broadband threat

Oppenheimer's downgrade of AT&T reflects growing concerns about competition from satellite internet providers like SpaceX's Starlink, which could disrupt traditional broadband markets. This shift may pose significant risks for AT&T and similar companies as regulatory support for satellite technology increases.