Raymond James Maintains Outperform on Nike, Lowers Price Target to $128
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Rick Patel has maintained an 'Outperform' rating on Nike (NYSE:NKE) but lowered the price target from $135 to $128.
June 30, 2023 | 11:42 am
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Nike's price target has been lowered from $135 to $128 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100