SGB Executive

EXEC: Nike Faces Downgrade from HSBC

HSBC lowered its rating on Nike Inc. to “Hold” from “Buy” while slashing its price target to $48 from $90, becoming the latest investment firm to downgrade the stock following a recent disappointing forecast. HSBC analyst Akshay Gupta said, “Nike’s turnaround thesis has gone from ‘not if, but when’ to a ‘show me’ story with no short-term catalysts.”

EXEC: Resale Activity Continues to Boom

Recent surveys found a shift toward secondhand sales accelerating as consumers, particularly younger ones, seek value amid current inflationary pressures. For sellers of new products, a recent university study found that secondhand purchases supplement primary-market consumption rather than replace it.