Stocks Hitting 52-Week Highs

Altria Group MO shares reached a new 52-week high of $45.80 after Bank of America upgraded the stock from Neutral to Buy and raised the price target to $50.00. CMS Bancorp CMSB shares rose 11.86% to touch a new 52-week high of $12.83. Putnam County Savings Bank and CMS Bancorp announced the execution of a merger agreement. Nike NKE shares touched a new 52-week high of $87.81 after the company reported stronger-than-expected fiscal first-quarter results. Analysts at Janney Capital upgraded Nike from Neutral to Buy. Janus Capital Group JNS shares reached a new 52-week high of $15.26 following news that Bill Gross will be joining the company. PIMCO also confirmed the departure of Bill Gross.