Telsey Advisory Group Maintains Outperform Rating for Nike: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group maintains its Outperform rating for Nike (NYSE:NKE) but lowers its price target from $140 to $135. Nike's shares are trading up 0.39% at $109.97, and a move to $135 would account for a 22.76% increase.
June 21, 2023 | 5:01 pm
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Telsey Advisory Group maintains Outperform rating for Nike and lowers price target from $140 to $135. Shares are trading up 0.39% at $109.97.
Telsey Advisory Group's decision to maintain an Outperform rating for Nike indicates a positive outlook for the company's stock. However, the lowered price target from $140 to $135 suggests a slightly reduced growth potential. The current share price increase of 0.39% also supports a positive short-term impact on Nike's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100