Why Nike Stock Is Sprinting Higher Today

One analyst is warming to this long-term winner.Nike (NKE 3.72%) shares have been on the defensive of late, but at least one Wall Street analyst believes the stock has bottomed out. Shares of Nike climbed 3% on Thursday after the stock was upgraded at Bank of America.Better days ahead?It's been a rough few years for Nike holders, with the stock losing about half of its value since mid-2021. The company is in the process of rethinking a lot of its retail initiatives, including its focus on direct-to-consumer ...