Why Nike Stock Raced Ahead Today

Athletic apparel and footwear star Nike (NYSE: NKE) notched a stock market victory for its investors on Tuesday with a more than 3% increase in share price. That was due in no small part to an analyst upgrade, accompanied by some rather bullish commentary. Nike's lift was in contrast to the performance of the S&P 500 index, which slumped by 0.1% on the day.Well before market open, John Staszak of Argus changed his Nike recommendation to buy (from his previous neutral) at a price target of $85 per share. That anticipates upside of more than 15% on the stock's most recent closing price.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool