Nike price target raised to $112 from $100 at BofA 09:11 NKE BofA analyst Lorraine Hutchinson raised the firm's price target on Nike to $112 from $100 and keeps a Neutral rating on the shares. Hutchinson reads the stock's recent strength to mean that investors are expecting a Q2 beat and commentary that the worst of the markdown activity is now behind for the company, she tells investors. The analyst, who maintains her FY23 estimates, cites the rerating in market multiples for the higher price target.


