Analysts are bullish on Pier 1 and Nike, while Honeywell receives strong support from Goldman, all in Fridays Analysts’ Actions. Pier 1 was upgraded at Oppenheimer to OUTPERFORM with a $20 price target. The firm said a turnaround is currently in progress to improve profitability. Nike was boosted to $106 a share at Credit Suisse after a better-than-expected quarter. Analysts maintained an OUTPERFORM rating and boosted earnings estimates. Honeywell was added to Goldman Sachs conviction buy list with its price target boosted to $120. The firm said higher organic growth will likely outpace its peers in the industrial sector.
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