Nike, Kroger Downgraded; Celgene Upgraded; Lam Research Gets PT Hike

Analyst actions on Friday included downgrades for Nike (NKE) and Kroger (KR), an upgrade for Celgene (CELG) and price-target hikes for Lam Research (LRCX) and Athenahealth (ATHN).

Nike

JPMorgan downgraded the Dow Jones industrial average component to neutral from overweight, trimming its price target to 58 from 61, after Nike said Thursday it would cut 2% of its global workforce and implement organizational changes. Analyst Matthew Boss said he's encouraged by "forward thinking...

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