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Stock impact report

Nike stock price gets reset by Barclays [Yahoo! Finance]

Nike, Inc. (NKE) 
Last nike, inc. earnings: 3/24 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.nike.com/home/default.aspx
Company Research Source: Yahoo! Finance
Its stock closed just under $55 on March 12, down nearly 25% in the last 12 months and down 14% year-to-date. But now one major Wall Street firm is signaling something different. Analysts at Barclays upgraded Nike's stock to “Overweight” and lifted their price target to $73 from $64, arguing the company may have reached what they call a “fundamental bottom,” as seen in Yahoo Finance That's a bold claim for a stock that's been stuck in a multi-year downtrend. But now the real question you are probably asking is: Is the recovery finally starting? And if so, how high can we get? Robert Way VaShutterstock · Robert Way VaShutterstock Why analysts think Nike's worst days may be over Barclays' upgrade centers on a simple idea: investor pessimism may have peaked. The firm pointed to several developments suggesting the company's financial trajectory could be stabilizing. Among the key factors were, Operational improvements inside the company Early positive financial in Show less Read more
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