Citigroup Maintains Neutral on Nike, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Neutral rating on Nike (NYSE:NKE) and lowers the price target from $125 to $109.

June 13, 2023 | 4:05 pm
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Citigroup analyst Paul Lejuez maintains a Neutral rating on Nike and lowers the price target from $125 to $109.
The news directly mentions Nike and its lowered price target by Citigroup analyst Paul Lejuez. This may cause some investors to reconsider their positions, but the Neutral rating suggests that the stock is not expected to significantly outperform or underperform the market in the short term. The lowered price target may have a limited impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100