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Benzinga
Benzinga
Business
Adam Eckert

Nike Shares Jump After JPMorgan Highlights Sales, Margin Inflection: 'Just Buy It'

JPMorgan NIke NKE Matthew Boss
nike shutter2

Nike Inc (NYSE:NKE) shares are trading higher Monday after JPMorgan upgraded the stock to Overweight.

What Happened: JPMorgan analyst Matthew Boss upgraded Nike from Neutral to Overweight and raised its price target from $64 to $93, telling clients to “just buy it” in a new note released on Monday.

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