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Asset managers adjust stakes in Nike as it reports strong earnings but falling revenue.
Asset management firms have been adjusting their stakes in Nike Inc. shares.
Brown Brothers Harriman & Co. reduced its holdings by 10.9%, selling 238,273 shares, while DnB Asset Management AS increased its stake by 1%.
Nike reported strong earnings of $0.54 per share, beating estimates, though its revenue fell 9.1% year-over-year to $11.27 billion.
The company's stock, with a market cap of $93.65 billion, has an average "Moderate Buy" rating with a price target of $87.38.
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Los gestores de activos ajustan las acciones de Nike ya que reporta ganancias fuertes pero caídas de ingresos.