Analyst: Nike Stock Poised for a Rebound
NKENIKE(NKE) Schaeffers Investment Research·2024-06-21 23:55

Oppenheimer upgraded Nike Inc (NYSE:NKE) stock to "outperform" from "market perform" and raised its price target to 120from120 from 110. The analyst also reinstated the retail giant as a top mega cap pick in its bull note, saying NKE is setup for a gradual rebound amid product innovation and brand-building efforts. At last glance, Nike stock is trading 0.6% higher at $96.12. The security is poised for its third weekly win in four, extending its slim quarter-to-date lead to 2.4%. The equity also just reclaimed su ...