Telsey Advisory Group Maintains Outperform on Nike, Lowers Price Target to $128
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has maintained an 'Outperform' rating on Nike (NYSE:NKE) but lowered the price target from $135 to $128.
September 22, 2023 | 9:06 am
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Nike's price target has been lowered from $135 to $128 by Telsey Advisory Group, though the 'Outperform' rating is maintained.
The lowering of the price target by Telsey Advisory Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100