Nike Downgraded by DZ Bank Analyst with Questionable Track Record

DZ BANK AG's analyst Katharina Schmenger has downgraded Nike (NKE.US) to a sell rating, according to TipRanks data. This downgrade comes with a success rate of 33.3% and an average return of -4.9% over the past year for Schmenger.

The analyst's track record is based on their virtual portfolio performance, which reflects their recommendations. A successful rating means that TipRanks' virtual portfolio earned a positive return from the stock.