Wells Fargo Maintains Overweight on Nike, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Kate Fitzsimons maintains an Overweight rating on Nike (NYSE:NKE) but lowers the price target from $138 to $130.

June 23, 2023 | 2:35 pm
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Wells Fargo maintains an Overweight rating on Nike, but lowers the price target from $138 to $130.
The news indicates that Wells Fargo still has a positive outlook on Nike, maintaining an Overweight rating. However, the lowered price target from $138 to $130 suggests a slightly reduced growth potential in the short term. This may lead to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100