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HSBC downgrades Nike (NKE -3.2%) to Neutral from Overweight with a $96 PT. The firm notes...

HSBC downgrades Nike (NKE -3.2%) to Neutral from Overweight with a $96 PT. The firm notes potentially weak back-to-school consumer spending and a concern if Nike has lost its competitive position in Europe and Russia against rival Adidas (ADDYY.PK) leading up to the Euro soccer championship next summer.
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