Telsey Advisory Group Maintains Outperform Rating for Nike: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Telsey Advisory Group has maintained its Outperform rating for Nike (NYSE:NKE) but lowered its price target from $135.00 to $128.00. Nike's shares are currently trading down 0.15% at $91.45 per share. A move to $128.00 would represent a 39.97% increase from the current share price.
September 22, 2023 | 5:00 pm
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Telsey Advisory Group has maintained its Outperform rating for Nike but lowered its price target. This could potentially lead to a short-term decrease in Nike's stock price.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. In this case, while Telsey Advisory Group has maintained its Outperform rating for Nike, it has lowered its price target. This could be interpreted by investors as a sign of reduced confidence in the stock's performance, potentially leading to a short-term decrease in Nike's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100