as its North American business rebounds from the lows of the pandemic.
Globally, Nike is seeing shoppers splurge on new sneakers and fashion-forward sweat suits to wear as more people begin to socialize again. The company's Jordan brand has been a particular bright spot. Following Nike's upbeat fiscal fourth-quarter results on Thursday afternoon, Cowen & Co. analyst John Kernan raised his price target to $181 from $145."Management's confidence is hitting an inflection and Q4 results indicate the digitally driven acceleration in the financial model," he said in a note to clients.
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