Jefferies Downgrades Nike to Hold, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Randal Konik has downgraded Nike (NYSE:NKE) from Buy to Hold and lowered the price target from $140 to $100.
September 25, 2023 | 8:48 am
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Jefferies has downgraded Nike and lowered its price target, which could negatively impact the stock's performance in the short term.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Nike. The lowering of the price target from $140 to $100 suggests that the analyst believes the stock is currently overvalued. This could lead to a decrease in investor confidence and a potential drop in the stock's price in the short term.
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IMPORTANCE 80
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