JP Morgan Maintains Overweight on Nike, Lowers Price Target to $142
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Matthew Korn maintains an Overweight rating on Nike (NYSE:NKE) but has lowered the price target from $146 to $142.
June 30, 2023 | 12:21 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on Nike but lowers the price target from $146 to $142.
The news is directly related to Nike as JP Morgan has maintained an Overweight rating on the company but lowered the price target. This could indicate a potential decrease in the stock's value in the short term, but the Overweight rating suggests that the company is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100