Nike recovery may lag valuation expectations, UBS warns
Nike Inc (NYSE:NKE, XETRA:NKE) recovery could take longer than its 31x price-to-earnings ratio implies, according to UBS, which maintains a "neutral" rating and a $34 price target. The target rests on 18 times UBS's fiscal year 2029 earnings estimate of $1.90 per share, reflecting its view...
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