10 Stocks Grow Firmer Despite Mixed Market Sentiment

2. Nike Inc. (NYSE:NKE)

Nike rallied by 4.94 percent on Tuesday to close at $80.28 apiece as investors gobbled up shares in the company following Jefferies’ recommendation to buy the stocks “aggressively.”

According to its analysts, NKE, which was trading at a nearly five-year low, is set for a comeback and could rise by more than 40 percent in value based on its recent prices.

“After a few years of challenges and self-inflicted wounds, we believe new leadership will improve product direction and re-establish balance between [direct to consumer] and wholesale [channels],” it said.

“With shares near a valuation trough, we believe now is the right time to aggressively buy shares,” it added.

Jefferies has set a new price target for NKE at $115, well above the $80 mean on Wall Street.