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An Analyst Turned Bullish on Nike Stock After 2 Years. Here’s Why.

Nike stock rose on Friday after Baird said in an upgrade that the athletic giant’s recent underperformance is a buying opportunity.

Analyst Jonathan Komp boosted his rating on Nike (ticker: NKE) to Outperform from Neutral, while maintaining his $150 price target on the shares. Nike was up 1.7% to $130.87 in recent trading, bouncing back from a selloff related to China’s human rights conflict.

Komp…

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