Nike's Stock Gets an Upgrade. Barclays Says It's Likely Reached a 'Fundamental Bottom.'

Key Takeaways Barclays analysts upgraded Nike's stock Wednesday, anticipating a turnaround from its recent slump. The analysts pointed to progress in the athletic apparel maker's turnaround, and suggested its earnings may have bottomed. Nike's stock could soon be due for a rebound, according to analysts at Barclays. Barclays analysts upgraded Nike's (NKE) stock to "overweight" Wednesday and lifted their price target to $73 from $64, anticipating a turnaround from its recent slump. The shares slippe ...