Nike price target raised to $156 from $128 at JPMorgan

JPMorgan analyst Matthew Boss raised the firm’s price target on Nike to $156 from $128 and keeps an Overweight rating on the shares after meeting with management. The message from management was Nike is exiting the pandemic as a "stronger brand" transitioning to a consumer direct company, the analyst tells investors in a research note. The firm sees see Nike’s brand momentum across geographies as sustainable.