Oppenheimer analyst Brian Nagel maintained a Buy rating on Nike (NKE – Research Report) today and set a price target of $120.00. The company’s shares closed yesterday at $89.13.
Nagel covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Monro Muffler, and Nike. According to TipRanks, Nagel has an average return of 21.5% and a 66.07% success rate on recommended stocks.
In addition to Oppenheimer, Nike also received a Buy from Bank of America Securities’s Lorraine Hutchinson in a report issued today. However, on the same day, Barclays maintained a Hold rating on Nike (NYSE: NKE).
The company has a one-year high of $123.39 and a one-year low of $70.75. Currently, Nike has an average volume of 13.54M.
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Nike (NKE) Company Description:
NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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