Should you buy Nike stock on the post earnings dip?

Nike Inc (NYSE: NKE) is not worth owning even though its shares have lost well over 10% since the start of this year, says an RBC Capital analyst.Nike stock downgraded to sector perform Copy link to section Piral Dadhania downgraded the sportswear giant this week to “sector perform” and trimmed his price objective to $100 that suggests a 6.0% upside only.   The analyst turned dovish on Nike stock after the management said sales in China continued to lose pace in the holiday quarter.More importantly, the New ...