Nike stock near $61 as UBS urges patience going into Fed minutes and year-end trading
Nike shares closed up 1.6% at $60.93 Friday after UBS reiterated a Neutral rating and $62 price target, citing slow but improving brand signals. The note follows Nike’s mid-December earnings, which showed margin pressure from tariffs and a 17% drop in China sales. Investors expect light trading ahead of year-end and await Fed minutes Tuesday. Nike stock remains down about 7% since December 18.