Nike Stock Suffers as Chinese Growth Dwindles

Nike Inc (NYSE:NKE) stock is down 7.4% to trade at $93.40, the worst Dow stock today by far, in the wake of the blue-chip apparel retailer's fiscal third-quarter quarterly report. Though Nike reported better-than-expected earnings and revenue thanks to sales and prices changes in North America, its shares are being dragged down by slowing growth in China.  No less than 12 analysts cut their price targets; RBC slashed its objective to $100 from $110 and also cut its rating to "sector perform" from "outperfor ...