UBS analyst Jay Sole raised the firm’s price target on Nike (NKE) to $71 from $63 and keeps a Neutral rating on the shares. The firm’s channel checks suggest Nike had “lackluster” global sales momentum through August and UBS expects Nike to deliver just in-line Q1 EPS, the analyst tells investors in a research note. UBS anticipates Nike gives an implied Q2 EPS outlook in the range of 31c-48c and guides Q2 sales down mid-single digits year over year.
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