BofA/Merrill Lynch analyst Robert Ohmes boosted estimates and his price target on Buy-rated Nike (NYSE: NKE) to $92.00 (from $88.00) following Q1 results, saying global momentum should drive continued upside.

The firm raised FY 2015 EPS from $3.40 to 43.55 and FY 2016 EPS from $3.95 to $4.00.

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Shares of Nike closed at $79.75 yesterday.