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Nike Stock Can Make a Comeback. A New Bull Sees ‘Changes Afoot.’
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Nike has a strong margin and earnings recovery opportunity, Jefferies argued on Monday. Analysts led by Randal Konik upgraded shares of the apparel maker to Buy from Hold, increased their price target to $115 from $75, and named the stock a new top pick in a report titled “Changes Afoot & Cuts Priced In.” Nike stock gained 4.2% to $79.72 in trading Monday.
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