Wells Fargo Maintains Overweight on Nike, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Kate Fitzsimons has maintained an Overweight rating on Nike (NYSE:NKE) but lowered the price target from $130 to $120.

September 18, 2023 | 12:53 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nike's price target has been lowered from $130 to $120 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100