Vetr Crowd Upgrades Nike Despite Negative Foot Locker Headlines

Vetr's crowdsourced stock rankings upgraded Nike Inc NKE from 4 stars to 4.5 stars even as revised Foot Locker, Inc. FL guidance spooked investors in the footwear space.

The crowd rates the stock as a Strong Buy, with a price target of $59.57. The community's target is mostly in line with analysts' price target of $60.73.

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Nike stock was slightly down after the close Wednesday, ending the day at $52.56.

For the Vetr crowd's full analysis of Nike, click here.