Nike Inc. are up 0.8% in premarket trading Thursday after Wedbush analyst Christopher Svezia raised his price target on the stock to $82 from $75. The new target makes Svezia the second most bullish analyst on Nike’s stock among those tracked by FactSet. “The company should be poised to exceed expectations throughout FY19 given accelerating growth in North America, possibly international, and gross margin tailwinds,” Svezia wrote. “Outside the US, while growth remains strong, Nike is likely taking share in Europe while sustaining +DD growth in China.” He’s upbeat about the company’s efforts to improve its products and production speed, and he sees improvement in follower counts on several of the company’s key social-media accounts. Svezia has an outperform rating on Nike shares, which are up 36% over the past 12 months. The Dow Jones Industrial Average has gained 18% in that time.