Raymond James Maintains Outperform on Nike, Lowers Price Target to $121
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel has maintained an 'Outperform' rating on Nike (NYSE:NKE) but lowered the price target from $128 to $121.
September 26, 2023 | 11:33 am
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Nike's price target has been lowered from $128 to $121 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100