Nike Stock Rebounds After Analyst Reaffirms Bullish Price Target

Key TakeawaysBernstein Research analyst Aneesha Sherman reiterated a "buy" rating and $112 price target on Nike's stock, lifting the shoe giant's shares. The analyst hassaid she believes a rebound in Nike sales is on the horizon due to the company's marketing spending and work to repair relationships with retailers.Nike stock tumbled in late June after the company's fourth-quarter results underwhelmed. It was among the S&P 500's best performers on Tuesday. Nike's (NKE) stock was among the S&P 500's best pe ...