NKE

Morgan Stanley raised its price target for Nike (NYSE:NKE) to $94, up from $86, and maintained its overweight rating on the stock.
Nike posted its fiscal 2011 Q2 financial results on Tuesday, December 21, following the closi

Nike declined 5.3% to $87.38 late Tuesday after meeting Q2 revenue expectations and beating on earnings. The stock traded mostly between $89 and a low of $86.89 last night.

Tibco Software moved 3.8% higher to $22 in Tuesday's evening trade after topping Q4 estimates and setting plans for a stock buyback. The stock traded mostly between $21.18 and $22.65 in last night's session.

Nike (NKE) and Tibco Software (TIBX) both reported earnings after the bell on Tuesday with Nike trading down and Tibco trading up after the reports.

Nike (NKE) reports Q2 revenue of $4.8 bln, in line with the Street view. EPS was $0.94, ahead of the analyst consensus of $0.88 per share on Thomson Reuters. As of the end of the quarter futures orders for NIKE Brand athletic foot