Baird Maintains Outperform on Nike, Lowers Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Jonathan Komp has maintained an Outperform rating on Nike (NYSE:NKE) but lowered the price target from $138 to $130.

July 03, 2023 | 1:50 pm
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Nike's price target has been lowered from $138 to $130 by Baird, although the Outperform rating is maintained.
The lowering of the price target by Baird 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 impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100