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

June 14, 2023 | 4:02 pm
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Citigroup analyst Paul Lejuez maintains a Neutral rating on Nike and lowers the price target from $125 to $109.
Citigroup's lowered price target for Nike may cause short-term uncertainty among investors, but the Neutral rating suggests that the stock's overall outlook remains unchanged. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100