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Nike spikes to record high after Goldman boosts its rating to ‘buy’ (NKE)

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  • Goldman Sachs upgraded Nike stock to a “buy” rating and increased its price target to $112 from $95 on Thursday.
  • Shares of Nike rose 1.3% Friday to an all-time high following the upgrade.
  • Goldman boosted its forecast for Nike following an analysis that showed it’s poised for growth in China and is popular among young consumers in North America.
  • Watch Nike trade live on Markets Insider.

Shares of Nike rose 1.3% Friday to an all-time high after gaining another Wall Street bull.

Goldman Sachs boosted its rating on shares of the retailer to “buy” on Thursday, and raised its read more >>>

Source:: BusinessInsider.Com