Key Takeaways Bank of America Securities upgraded Nike and raised its price target, saying the athletic apparel retailer's earnings estimates now appear to be achievable. Bank of America lifted its rating for Nike to "buy" from "neutral," and increased its price target to $113 from$110. Analyst Lorraine Hutchinson cited Nike's efforts to transform, cost cuts and the expected benefit from this summer's Paris Olympic Games. Nike (NKE) shares rose 3.4% Thursday after Bank of America Securities upgraded its ra ...