Nike (NYSE: NKE) was able to sport some decent quarterly numbers, causing a number of footwear stocks to rise, but I have a hard time seeing this company doing anything but underperforming for a while.
2 down grades and one recent upgrade so far since apr. They�ve done nothing spectacular notwithstanding all the earnings hype. Wait and see as macroeconomic factors will tell us which way nke will go. As for me I would start it with a hold price target 49.
16-Jul-02 Merrill Lynch Upgraded NT Buy NT Strong Buy $64 LLast time upgraded to strong by to date.