Nike price target raised to $110 from $109 at Barclays

Barclays raised the firm’s price target on Nike to $110 from $109 and keeps an Equal Weight rating on the shares. The analyst see potentials upside to estimates in fiscal Q3 from North America, wholesale, and China. North America is seeing continued strength in daily average users according to Apptopia data, while expected Wholesale upside will come from footwear restocks, the analyst tells investors in a research note. However, the firm sees a balanced risk/reward at current share levels.