UBS Lowers Nike Price Target to $42.00 Amid Market Caution
UBS analyst Jay Sole has maintained a Neutral rating on Nike (NKE), but lowered its price target to $42.00 from $48.00, representing a 12.50% decrease.
The move reflects a cautious outlook from analysts amid changing market conditions, with similar trends observed in other analyst downgrades.
Nike's GF Value is currently set at $72.91, indicating that the stock is undervalued by 50.8%, compared to its current price of $35.87.