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UBS has maintained a "Neutral" rating for Nike, setting a price target of $73, amid concerns over short-term earnings risks. Analyst Jay Sole highlighted the strong recovery potential for Nike, particularly for its Nike and Jordan brands, based on a recent global sportswear survey.
UBS has maintained a 'Neutral' rating for Nike, setting a price target of $73, amid concerns over short-term earnings risks. Analyst Jay Sole highlighted the potential for recovery, driven by the strength of the Nike and Jordan brands, following insights from a global sportswear survey.
Teachers Retirement System of The State of Kentucky increased its NIKE shares to 265,449, valued at $23.47 million, while Toronto Dominion Bank raised its stake by 59.9% to 1,055,597 shares worth $93.32 million. Institutional investors hold 64.25% of NIKE's stock, which has a "Moderate Buy" rating with an average target price of $89.58. Recently, NIKE reported earnings of $0.78 per share, exceeding estimates, despite a 7.7% year-over-year revenue decline.
UBS has reiterated a Neutral rating on Nike stock, maintaining a price target of $73.00, citing near-term inventory challenges and concerns over the product pipeline. Analysts warn that the time and cost to normalize inventory may be underestimated, and the new product innovation cycle could take 18-24 months. Despite these challenges, the strong brand appeal of Nike and Jordan is seen as a key asset for potential recovery.
UBS has issued a Neutral recommendation on Nike shares, indicating that the company may face challenges in the near term. This assessment reflects concerns about the stock's performance and potential market dynamics affecting Nike.
UBS analyst Jay Sole has maintained a Neutral rating on Nike (NYSE: NKE) with a price target of $73.00. The analyst's comments suggest a cautious outlook on the company's performance moving forward.
NFTs have shown resilience in 2024, with $8.5 billion in sales despite setbacks, including major marketplace closures and regulatory scrutiny from the SEC. The number of unique buyers surged by 62%, indicating a growing demand for NFTs, even as the market faced a seven-month downturn. Industry experts predict a transformative future for NFTs, expanding their utility beyond digital art into areas like identity verification and ownership records.
UBS has lowered its price target for Nike (NKE) from $80 to $73 while maintaining a Neutral rating on the stock. The firm highlights significant downside risks due to potential negative news in the upcoming quarters but remains optimistic about Nike's long-term recovery potential.
UBS has lowered its price target for Nike (NKE) to $73 from $80 while maintaining a Neutral rating. The firm highlights significant downside risks due to potential negative news in upcoming quarters but remains optimistic about Nike's long-term recovery potential.
U.S. stocks rebounded on Friday, with the S&P 500 and Dow Jones Industrial Average both rising 1.4%, as better-than-expected inflation data eased concerns over interest rate cuts. Despite this, the market remains cautious amid political uncertainty and potential global trade challenges. Notable declines included U.S. Steel, down 4.9%, and Novo Nordisk, which fell 17% after disappointing news on a weight-loss treatment.

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