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.