Nike price target raised to $133 from $126 at Deutsche Bank

Deutsche Bank analyst Gabriella Carbone raised the firm’s price target on Nike to $133 from $126 and keeps a Buy rating on the shares. NKE‘s fiscal Q2 print beat expectations, driven by better than anticipated revenues as North America and Europe, the Middle East, and Africa were meaningfully ahead of consensus, Carbone tells investors in a research note. While China missed Street forecasts, the region beat the buy-side view, says the analyst. Carbone anticipates0 investor sentiment to "lean positive" following the results, with Nike’s inventory levels are improving, demand across the globe remaining strong, and North America EBIT margin sequentially improving.