Nike stock downgraded by Jefferies

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Nike stock downgraded by Jefferies
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Nike (NKE) shares are slightly down in early trading as the stock received a downgrade from Jefferies from 'buy' to 'hold,' as well as a price target of $100 a share.  Yahoo Finance Live discusses the reasons for the downgrade, including macro headwinds in China and reduced consumer spending in the United States. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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TORONTO — Five things to watch for in the Canadian business world in the coming week: Tech conference The Canadian tech community will gather in Toronto over three days for the annual Elevate conference, which starts on Tuesday. The regulation of artificial intelligence is expected to be one of the top subjects discussed by speakers at the event. BlackBerry results BlackBerry Ltd. is expected to report its second-quarter results on Thursday after the close of trading.

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