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Nike received another bearish assessment from a Wall Street analyst, adding to a string of cautious takes on the sportswear giant's near-term outlook. Separately, soccer star Kylian Mbappé confirmed he has ended his roughly 20-year association with Nike, saying it was 'time to change' as he moves to a new deal with Swiss brand On. The combination of a negative Wall Street view and the loss of a marquee athlete endorsement underscores ongoing questions about Nike's brand momentum and competitive positioning in the athletic apparel market.