Nike pins hopes on Olympics to win back market share
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Nike (NKE) raised to buy at BofA, sees Olympics as catalyst
April 11, 2024 11:07 AM EDTNike (NYSE: NKE) was upgraded to Buy from Neutral at Bank of America on Thursday, with the firm lifting its price target for the stock to $113 from $110 per share.
The bank said estimates are bottoming and look achievable, while the stock's multiple has compressed.
"Nike is taking bold steps to transform,... More
