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Here's Why Nike (NKE) Stock Is Up Today

Nike Wall Sign

NEW YORK (TheStreet) -- Nike (NKE - Get Report) shares are higher 0.86% to $63.80 on Friday as Nomura continues to make positive remarks about the company's innovative pipeline, highlighting its new updated app and recently-unveiled products.

The firm, which has a "buy" rating on the stock with an $80 price target, is optimistic about the new version of the Nike+ app that delivers an all-access pass for athletes through on-demand coaching and recommends products to its users.

The Beaverton, OR-based athletic footwear and apparel company also...