RBC Capital Maintains Outperform on Nike, Lowers Price Target to $134
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Piral Dadhania maintains an Outperform rating on Nike (NYSE:NKE) but has lowered the price target from $138 to $134.

June 30, 2023 | 12:36 pm
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NEUTRAL IMPACT
Nike's price target has been lowered from $138 to $134 by RBC Capital, though the Outperform rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put some downward pressure on the stock. However, the maintained Outperform rating indicates that the analyst still sees potential upside, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100