Nike price target raised to $95 from $92 at BMO Capital

BMO Capital analyst Simeon Siegel raised the firm’s price target on Nike (NKE) to $95 from $92 and keeps an Outperform rating on the shares. The firm says Nike’s challenges today parallel what it faced in 2015 to 2058. As such, BMO has conviction Nike “can use its past as playbook for the future.” The company has already executed its path to improvement, the analyst tells investors in a research note.