Top-ranked analyst Sam Poser of Susquehanna Financial Group initiated Nike with a positive rating on Tuesday, alerting clients to a "rare opportunity" to pick up shares of a world-class company trading near a 52-week low.
"The point is, Nike has a host of drivers and levers at its disposal across geographies vis-a-vis its: 1) robust innovation engine, 2) extensive scale and reach, 3) unmatched marketing prowess, and 4) highly sophisticated (and improving) grassroots go-to-market strategy," wrote Poser in a research note.
Poser's picks have a 12 percent one-year average return with a 58 percent success rate, according to analyst ranking service TipRanks, placing him in the top 3 percent of all Wall Street analysts covering any industry.
His 12-month price target of $63 implies a gain of nearly 22 percent from Monday's close.
