Nike (NKE) closed up 3.89% on JPMorgan Upgrade

by MarketNewsData

Nike (NKE) closed up 3.89% at $79.24 after JPMorgan upgraded the stock to Overweight from Neutral and raised its price target to $93.

  • JPMorgan cited a stronger product pipeline, better inventory management, and confidence from recent field checks as key reasons for the upgrade.
  • The firm believes Nike’s multi-quarter underperformance is ending, with upside potential supported by new product launches and global demand recovery.

Takeaway:
JPMorgan’s bullish stance signals renewed optimism around Nike’s execution and long-term growth strategy.

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