UBS Maintains Buy on Nike, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole maintains a Buy rating on Nike (NYSE:NKE) but lowers the price target from $138 to $125.

March 22, 2024 | 11:17 am
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UBS maintains a Buy rating on Nike but lowers the price target from $138 to $125.
While the reduction in the price target from $138 to $125 could suggest a more cautious outlook on Nike's short-term price potential, the maintenance of a Buy rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90