Why Nike's Stock Is Trading Higher Today

Nike, Inc NKE shares are trading higher ahead of the company's earnings report on Thursday. On Monday, analysts at multiple firms raised their price targets on the stock.

UBS maintained a Buy rating and raised its price target from $114 to $122.

Piper Sandle maintained an Overweight rating and raised its price target from $96 to $112.

JPMorgan maintained an Overweight rating and raised its price target from $91 to $104.

See Also: Nike Analysts On Muted Q4 Expectations: 'The Most Significant Impact From COVID-19'

Nike, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.

Nike's stock is trading up 3.15% at $98.80 per share on Monday at the time of publication. The stock has a 52-week high of $105.62 and a 52-week low of $60.00.

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