Nike: well oriented with a broker upgrade

(CercleFinance.com) - Nike gained more than 5% in early trading on Wall Street, buoyed by comments from Jefferies, which raised its recommendation from 'hold' to 'buy' on the sporting goods supplier's stock, with a price target raised from $75 to $115.


CEO Hill is tackling product and distribution issues head-on, positioning the brand to return to above-market growth and regain lost share," the broker said.

Copyright (c) 2025 CercleFinance.com. All rights reserved.