Wedbush Maintains Outperform on Nike, Lowers Price Target to $129
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Tom Nikic maintains an Outperform rating on Nike (NYSE:NKE) but lowers the price target from $139 to $129.

June 22, 2023 | 12:18 pm
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Wedbush analyst Tom Nikic maintains an Outperform rating on Nike, but lowers the price target from $139 to $129.
The news of Wedbush maintaining an Outperform rating on Nike indicates a positive outlook for the company. However, the lowering of the price target from $139 to $129 suggests a more conservative valuation, which may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100