Nike Trips on Sterne Agee Downgrade

Nike (NKE) scored big in September when the iconic athletic shoe company posted an eye-popping first-quarter earnings beat and projected 20% profit growth during the 2015 fiscal year. The stock sprinted higher that day and has continued to climb, hitting a new 52-week high of $96.55 in market action yesterday. Now, Sterne Agee analyst Sam Poser [...]