Citigroup Raises Nike PT From $91 to $95

Citigroup is raising its Nike, Inc. NKE FY12 EPS based on a slightly higher revenue assumption (+8.5%, up from +7%) on continuing strong trends in footwear. FY13 EPS goes to $6.00, and the target price is raised to $95 (up from $91). Nike closed Tuesday at $87.19.