Wells Fargo upgrades Nike to outperform, sees nearly 20% rebound for stock

Published Tue, Jan 25 20225:46 AM ESTUpdated Tue, Jan 25 20224:25 PM EST

The Nike logo is seen on the Nike store on February 22, 2021 in New York City.

John Smith | Corbis News | Getty Images

Nike's stock appears to be trading at a discount and investors should take advantage, according to Wells Fargo.

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