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Nike’s Rating: Upgrade from HSBC, Downgrade from Baird

Victoria Dean
Nike’s Rating: Upgrade from HSBC, Downgrade from Baird

On January 9, HSBC upgraded Nike (NKE) to “buy” from “hold.” The target price increased to $95.00 from $92.00. However, Baird lowered its rating for Nike to “neutral” from “outperform.” The stock fell marginally (0.2%) and closed trading at $76.59. So far in January, Nike stock has gained 3.3% as of January 9. In 2018, the stock gained 18.5%.