Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Shares of Nike Inc (NYSE:NKE) are up 2% from to trade at $65.49 at last check, after Wells Fargo upgraded the athletic apparel maker to "overweight" from "equal weight," raising its price target to $75 from $60.
Nike (NKE) reached $64.2 at the closing of the latest trading day, reflecting a +1.66% change compared to its last close.
Nike Inc (NYSE:NKE, ETR:NKE)'s recent stock pullback provides an attractive entry point for investors, according to analysts at Bank of America, who maintain a ‘Buy' rating on the athletic apparel and footwear brand. Nike shares are down about 6% over the last month, trading at about $63 compared to the bank's $84 price target.
NKE's new "Sport Offense" strategy unites NIKE, Jordan and Converse to reignite growth through sharper focus and faster innovation.
CEO Elliott Hill is trying to revive flagging sales by speeding up development of innovations such as the uber-cushioned Vomero Premium.
NKE's strong fundamentals contrast with an expensive valuation and margin pressures, leaving investors debating whether the stock's weakness signals opportunity or risks.
Nike (NKE) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
NKE launches its 'Sport Offense' reorganization to boost innovation, streamline execution and reignite sustainable growth across its global portfolio.
In the closing of the recent trading day, Nike (NKE) stood at $62.65, denoting a -3% move from the preceding trading day.
NKE doubles down on athlete-led storytelling to reignite its brand and reconnect performance, culture and consumer passion.
In the latest trading session, Nike (NKE) closed at $67.43, marking a -1.69% move from the previous day.