Jefferies analyst Edward Plank reiterated a Buy rating and bumped his price target on Nike (NYSE: NKE) to $136.00 (from $128.00) following strong Q1 results.

Plank commented, "Nike exceeded expectations on nearly all fronts in F1Q, even in China and Europe, where market fears were greatest given economic turbulence. The company entered FY16 with strong momentum and healthy underlying demand across categories and geographies. Nike remains one of our top picks for near- and long-term performance and we see growth supported by a solid innovation platform leading into 2016's Summer Olympics."

The firm raised FY 2016 EPS from $4.15 to $4.25 and FY 2017 EPS from $4.80 to $4.90.

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $114.79 yesterday.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change

Nike (NKE) PT Raised to $140 at Nomura SecuritiesSeptember 25, 2015 10:32 AM UBS Raises Price Target on Nike (NKE) to $137 Following 1Q16 September 25, 2015 10:23 AM Canaccord Genuity Raises Price Target on Nike (NKE) to $119 Following 15c EPS Beat September 25, 2015 10:12 AM Sterne Agee CRT Upgrades Nike (NKE) to Buy Following 1Q16 EPS BeatSeptember 25, 2015 8:28 AM Piper Jaffray Raises Price target on Nike (NKE) Following 15c EPS BEat September 25, 2015 7:35 AM Cowen Raises Price Target on Nike (NKE) to $140 Following 1Q EPS Growth September 25, 2015 6:51 AM Sterne Agee CRT Upgrades Nike (NKE) to BuySeptember 25, 2015 6:50 AM Nike (NKE) Tops Q1 EPS by 15c; Futures Orders up 17%, ex. FXSeptember 24, 2015 4:16 PM NIKE, Inc. Reports Fiscal 2016 First Quarter ResultsSeptember 24, 2015 4:15 PM