Nike Now Offers Double-Digits Upside: Vetr
Shares of Nike Inc (NYSE: NKE) lost about 6 percent of their value in the past month. The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $57.56, which implies a potential return of 11.3 percent from current valuations.
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Seeking to better reflect the aforementioned upside potential, the Vetr community upgraded its rating on shares of Nike on Wednesday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) – out of a possible 5 Stars rating.
It should be noted that, pretty much in accordance with the current score and price target, 79 percent of the crowd’s ratings are bullish.
Latest Ratings for NKE
|Jan 2017||Atlantic Equities||Initiates Coverage On||Overweight|
|Jan 2017||CLSA||Initiates Coverage On||Underperform|
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