UBS, a Swiss bank, has revised its price target for Nike, lowering it to $80 before the company's second quarter results. The rating remains "Neutral."
According to analyst Jay Sole, observations of distribution channels suggest a potential decrease in global sales growth for Nike in the past three months. This decline in sales performance may lead to Nike providing a less optimistic guidance for the current quarter.
The market is closely monitoring these developments as Nike prepares to announce its financial results.