In Thursday’s Analysts’ Actions, we highlight a couple of positive coverage initiations on Nike (NKE) and Alibaba Group (BABA), as well as a higher price target for Amazon (AMZN). Nike had coverage initiated with a BUY rating by analysts at Jefferies with a $120 price target. Analysts see a continued strong preference for the Nike brand. Alibaba also had coverage initiated. The company was issued a HIGH CONVICTION OUTPERFORM rating by analysts at Sanford C. Bernstein. The firm issued a $120 price target on shares. Morgan Stanley raised Amazon’s price target to $520 from $450, citing bullish trends and multiple sources of potential upside. The firm maintained its OVERWEIGHT rating. TheStreet’s Kurumi Fukushima reports in New York.
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