Wells Fargo Maintains Overweight on Nike, Lowers Price Target to $138
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Kate Fitzsimons maintains an Overweight rating on Nike (NYSE:NKE) but lowers the price target from $142 to $138.
June 05, 2023 | 11:55 am
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Wells Fargo maintains an Overweight rating on Nike and lowers the price target from $142 to $138.
The news of Wells Fargo maintaining an Overweight rating on Nike and lowering the price target may not have a significant short-term impact on the stock price. However, it indicates that the analyst still sees potential upside for the stock, albeit at a slightly lower target. This could influence investor sentiment and potentially affect the stock price in the short term, but the overall impact is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100