Nike price target raised to $155 from $151 at UBS

UBS analyst Jay Sole raised the firm’s price target on Nike to $155 from $151 and keeps a Buy rating on the shares. The firm continues to view Nike as a long-term outperformer following the Q3 results, telling investors in a research note that Nike’s investments in product innovation, supply chain speed, and digital are unlocking what is likely a multiyear period of above average growth. Additionally, UBS thinks Nike has the brand strength, strategy, skills, resources and balance sheet to outperform peers through a recession.