Jefferies Reiterates Buy and PT of $100 on Nike

Jefferies reiterated its Buy rating on Nike NKE. At the same time, Jefferies left its price target on the company's stock unchanged at $100. On Tuesday, Nike surged 10.14% to close the day at $89.90. Its shares continued to climb higher in today's pre-market trade, rising 0.39% to $90.25.