NEW YORK (TheStreet) -- Shares of Nike (NKE) fell 1.01% to $88.60 in pre-market trading Monday despite Credit Suisse's upgrade on the stock to "outperform" from "neutral."
The firm set a $100 price target and increased its estimates on Nike, as Credit Suisse said the company is taking market share and expanding margins.
Separately, TheStreet Ratings team rates NIKE INC as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NIKE INC (NKE) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
- You can view the full analysis from the report here: NKE Ratings Report
