Nike (NKE) PT Raised to $80 at Jefferies on 1Q Report; 'North America Momentum Accelerating'
Jefferies analyst Randal Konik raised the price target on Nike (NYSE: NKE) to $80.00 (from $75.00) while maintaining a Hold rating, following the company's first quarter earnings report.
Analyst Konik notes a positive outlook on the shares, as the company reported first quarter earnings per share and revenues above consensus projections driven by momentum in North America, despite a light revenue guidance for 2Q.