Li Ning (OTCMKTS:LNNGY) Upgraded to "Strong-Buy" at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group upgraded Li Ning (OTCMKTS:LNNGY) from a "hold" to a Strong-Buy rating in a research note released Sunday.
• Zacks Research also raised its view on Li Ning from "strong sell" to "hold," and the stock's consensus rating on MarketBeat is currently Buy (one analyst Strong Buy, one Hold).
• Shares opened at $69.10, trading above the 50‑day moving average ($67.00) and 200‑day moving average ($60.75), with a 52‑week range of $42.13 to $74.18 (near its high).

Li Ning (OTCMKTS:LNNGY - Get Free Report) was upgraded by research analysts at The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Li Ning from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Li Ning Stock Performance

OTCMKTS LNNGY opened at $69.10 on Friday. The stock's 50 day moving average price is $67.00 and its two-hundred day moving average price is $60.75. Li Ning has a 52 week low of $42.13 and a 52 week high of $74.18.

About Li Ning

Li Ning Company Limited is a leading Chinese sportswear company engaged in the design, development, manufacturing and sale of athletic and lifestyle products. The company’s portfolio includes performance footwear, apparel and accessories tailored for running, basketball, training and other fitness activities. Li Ning distributes its products through an extensive network of concept stores, franchise outlets and e-commerce platforms across China and growing markets overseas.

Founded in 1990 by Li Ning, a decorated Olympic gymnast, the company quickly gained prominence in domestic and international markets.

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