Nike(NKE:NYE) JP Morgan raises target to $146 on Brand momentum

JP Morgan’s analyst, Mike Boss raised his target on Nike Inc. to $146 from $140, and maintained the Overweight rating.

The target increase is based on the analyst’s opinion that the company’s brand value is significantly increasing globally which is transforming into increased sales, while seeing margins expand.

STA Research has a average target of $128, and a consenus Strong Buy rating. The technical indicator is currently bearish.