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Analysts at Jefferies initiated coverage on
Nike IncNKE with a Buy rating.
The target price for Nike is set to $120.
Nike shares have gained 39.70 percent over the past 52 weeks, while the S&P 500 index has surged 12.33 percent in the same period.
Nike shares fell 0.11 percent to $104.50 in after-hours trading.
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