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

February 21, 2013 7:10 AM EST
Get Alerts NKE Hot Sheet
Price: $51.77 -0.23%

Rating Summary:
    27 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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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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