UBS Keeps Hold Rating on Nike with $42 Target Price

UBS analyst Jay Sole has reaffirmed his hold rating for Nike (NKE.US) and set a target price of $42. According to TipRanks, Sole's success rate over the past year is 43.8%, with an average return of 1.8%. The analyst's performance is represented by 4 out of 5 stars on TipRanks.

Nike's stock has been a subject of interest for investors and analysts alike, but UBS' stance on it remains unchanged. The target price of $42 suggests that Sole believes the stock may not significantly outperform in the near future, hence the hold rating.