Nike price target raised to $109 from $83 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Nike to $109 from $83 and keeps an Equal Weight rating on the shares. Nike’s fiscal Q2 print is proof of its brand strength and innovation in driving material sales demand from both "rarely-seen" aggressive promotions of Nike-branded apparel and strong full-price realization in footwear, Yih tells investors in a research note. She says the quarter "delivered an across-the-board beat" but that the macro backdrop "remains highly uncertain."