Nike Stock Jumps On Upgrade As Estimates 'Finally Look Achievable' Ahead Of Paris Olympics

Nike stock rose early Thursday after the Dow Jones sports apparel behemoth received an upgrade from BofA Securities, citing the Paris Olympics as a catalyst. Rival sports retailers and footwear stocks were mixed Thursday morning.X Bank of America Thursday morning upgraded Nike (NKE) to a buy rating, from neutral, and hiked its price target to 113 from 110. Estimates are bottoming and "finally look achievable," according to a note reported by The Fly.com. BofA added that the stock's multiple had compressed d ...