Nike Stock Among 2023 “Highest Conviction” Picks By UBS Ahead Of Quarterly Results


Source: investors.com investors.com

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Analyst chatter has been mostly positive for Nike stock ahead of the company's earnings report on Tuesday. X Deutsche Bank on Thursday lifted Nike's (NKE) price target to 126 from 99. Telsey Advisory Group on Wednesday maintained an outperform rating for Nike and lifted its price target to 130. UBS, meanwhile, named Nike stock one of its "highest conviction" picks for 2023. Nike headlines a quiet week of earnings, along with General Mills (GIS), Cintas (CTAS), Toro (TTC) and Micron (MU). Sentiment was negative in Micron stock Thursday after Goldman Sachs downgraded group peer Western Digital (WDC) to sell from...