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.

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