RBC Downgrades Nike Stock Amid Slow Turnaround Concerns

Royal Bank of Canada (RBC) has downgraded Nike shares, citing significant concerns over the athletic giant’s sluggish recovery timeline. Analysts pointed to persistent hurdles in the company’s brand revitalization strategy, noting that internal restructuring efforts are failing to gain expected momentum. The downgrade reflects growing market skepticism regarding Nike’s ability to quickly regain its competitive edge in a tightening global retail environment.