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Benzinga

Business

Triveni Kothapalli

Why Nike's Price Dip Could Mean Bigger Profits Ahead

NIke NKE Bank of America

nike shutter2

Nike Inc. (NYSE:NKE) shares have pulled back since the release of the first-quarter earnings report, offering a particularly attractive buying opportunity.

Bank of America analyst Lorraine Hutchinson maintains a Buy rating on Nike, with a price forecast of $84, representing a 38.2% upside from the recent price of $60.80.

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