Jefferies Initiates Nike At Buy

Analysts at Jefferies initiated coverage on Nike Inc NKE 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.