Nike (NKE) -4.3% after Sterne Agee downgrades shares to Sell. Firm's checks indicate more...

|About: Nike Inc. (NKE)|By:, SA News Editor

Nike (NKE) -4.3% after Sterne Agee downgrades shares to Sell. Firm's checks indicate more apparel is being sold at greater discounts, which will pinch margins or lead to bloated inventories or both. Also notes competitors are seeing significant weakness in Eastern Europe and Asia, from where Nike derives 46% of its revenue.