Nike’s Strong Q1 Earnings Can’t Save It: Stock Plummets After UBS Downgrade
Nike Inc. (NKE) recently reported strong earnings for Q1, surpassing analyst expectations. However, despite the company’s positive financial performance, its stock took a hit, dropping 5% following a downgrade from UBS. This turn of events has left investors questioning whether the downgrade is a sign of broader challenges ahead for the retail giant. Q1 Earnings…