Nike Inc NKE shares are trading lower by 0.8% at $135.33 Tuesday morning after Jefferies upgraded the stock from Hold to Buy and raised its price target from $140 to $192 per share.
The SPDR Dow Jones Industrial Average ETF Trust DIA, a fund Nike is a 2.5% weighted holding in, is trading lower by 1.94% at $340.98 at press time.
Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two-thirds of its sales.
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