Nike Takes Off on Bullish Analysts Comments

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climbed 4.07% to $78.18 in early afternoon trading Monday after receiving bullish comments from J.P. Morgan and Citi. J.P. Morgan analyst Matthew Boss boosted his price target for the athletic apparel and accessories company and increased his price target to $85 from $81. Management expects product innovation to accelerate across both performance and lifestyle with “distribution diversification” and opportunities in digital growth.

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