Nike price target raised to $143 from $132 at Stifel

Stifel analyst Jim Duffy raised the firm’s price target on Nike to $143 from $132 and keeps a Buy rating on the shares, telling investors that the company’s fiscal Q3 results validate the firm’s constructive views on Nike’s brand vitality and margin improvement potential. The firm says it was "particularly encouraged" by brand momentum in western markets, Greater China trend improvements and progress with inventories.