In Wednesday's Blitz Daily with Lance Ippolito, we take a look at sports footwear and apparel company Nike ahead of its third-quarter earnings report after the bell on March 22.
Shares fell more than 20% this year due to investor concerns regarding supply chain constraints and other issues. But the stock could be in for a big rebound…
Credit Suisse analyst Michael Binetti recently reiterated his outperform rating on the stock, setting a price target of $160 per share, which would represent a 28% gain from its current price near $125.
And it seems he’s not the only one who thinks the stock is going up…
Of course, if Nike isn’t your style, I have a few more trades seeing institutional order flow…
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