Nike price target raised to $95 from $90 at HSBC

HSBC analyst Erwan Rambourg raised the firm’s price target on Nike to $95 from $90 and keeps a Hold rating on the shares. The analyst is “slightly more constructive” on sporting goods relative to six months ago as inventories, saying events and currency are supportive. However, it is difficult to paint the entire sector with the same brush as stories and market share dynamics vary greatly, the analyst tells investors in a research note.