Baird Maintains Outperform Rating for Nike: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has maintained its Outperform rating for Nike (NYSE:NKE) but lowered its price target from $138.00 to $130.00. Nike's shares are currently trading down 0.81% at $109.48 per share. A move to $130.00 would represent an 18.75% increase from the current share price.
July 03, 2023 | 5:00 pm
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Baird has maintained its Outperform rating for Nike but lowered its price target. This could potentially lead to an increase in the stock price if the market reacts positively to the Outperform rating.
Analyst ratings can have a significant impact on a company's stock price. In this case, Baird has maintained its Outperform rating for Nike, indicating that they believe the company will outperform the market or its sector in the short term. However, they have also lowered their price target, which could indicate a potential downside. The market's reaction to this news will determine the short-term impact on Nike's stock price.
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