Citi Upgrades Nike (NKE) to Buy, See Stabilization in China

February 21, 2013 7:10 AM EST
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Price: $134.33 +0.15%

Rating Summary:
    30 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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Citi upgraded Nike (NYSE: NKE) from Neutral to Buy with a price target of $62.00 (from $51.00).

Analysts said they see stabilizing trends in China and additional signs of a improvement in Europe.

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $54.02 yesterday.

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