Keybanc Initiates Coverage On Nike with Sector Weight Rating
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Noah Zatzkin has initiated coverage on Nike (NYSE:NKE) with a Sector Weight rating.
July 25, 2023 | 8:42 am
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NEUTRAL IMPACT
Nike's stock may experience some movement following Keybanc's initiation of coverage with a Sector Weight rating.
The initiation of coverage by a major analyst like Keybanc can influence investor sentiment and potentially lead to changes in the stock's price. However, a Sector Weight rating typically suggests that the stock is expected to perform in line with the sector average, which may not lead to significant price movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100