February 21, 2013 at 09:35 AM EST
Citigroup Upgrades Nike (NKE)

Citigroup reported on Thursday that they have upgraded footwear retailer, NIKE, Inc.(NKE).

The firm reported that they have increased their rating on Nike to a “Buy.”

Nike shares were up 71 cents, or 1.31% during Thursday morning trading. The stock has been mostly flat in the past year.

The Bottom Line
Shares of NIKE, Inc.(NKE) have a 1.55% yield, based on Wednesday’s closing price of $54.02.

NIKE, Inc.(NKE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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