News Snapshot:
Here are Monday's biggest calls on Wall Street: Argus downgrades Nike to hold from buy Argus said it has inventory concerns regarding the apparel giant. "Our downgrade reflects concerns about Nike's high inventory, which rose by 44% in fiscal 1Q23. The company will need to cut prices to clear this inventory, which will weigh on margins and earnings in the coming quarters." Bank of America downgrades Livent to underperform from neutral Bank of America said shares of the lithium company have limited upside. "We supplement this valuation with a near term EBITDA multiple, but even then, we think LTHM shares...
