Nike's Stock Just Got an Upgrade: Is a Real Comeback Brewing?

NIKE TodayNKENIKE$76.44 +3.03 (+4.13%) 52-Week Range$52.28▼$90.62Dividend Yield2.09%P/E Ratio35.39Price Target$77.19Add to WatchlistAfter a challenging couple of years for its stock, Nike NYSE: NKE just gave investors a reason for renewed optimism. Following its fourth-quarter earnings report on June 26, the company’s stock jumped close to 15% in a single session. This powerful rally came as a surprise, especially since Nike reported a 12% drop in revenue and a steep 86% decline in profits for the quarter. ...