Nike price target raised to $75 from $70 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Nike (NKE) to $75 from $70 and keeps a Market Perform rating on the shares. Ahead of the company’s Q1 results, the firm is focused on product innovation, wholesale distribution, inventory, and tariffs, the analyst tells investors. Overall, the firm believes the company is making the “right moves,” but believes the brand is still a few quarters away from reaching stabilization.