UBS analyst Jay Sole raised the firm’s price target on Nike (NKE) to $63 from $56 and keeps a Neutral rating on the shares. Nike’s Q4 report indicated the company’s inventory level is getting better and its sales growth outlook is stronger than expected, the analyst tells investors in a research note. At the same time, UBS is not convinced Nike fundamentals will continue to show second derivative improvement over the near-term, while tariff risk remains significant.
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