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المشهد العربي
Nike shares fall after Morgan Stanley downgrade
Nike's stock declined by 1.95% at the close of trading, after Morgan Stanley downgraded its recommendation to a "Lower Weight" rating with a target price of $31.00, indicating a possible further decline of about 15% compared to the last closing price. This comes as the market awaits the stock's removal from the S&P 100 index on September 21, with the stock having accumulated a loss of 42.5% since the beginning of the year.
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