Barclays Maintains Overweight on Nike, Lowers Price Target to $119
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has maintained an Overweight rating on Nike (NYSE:NKE) but lowered the price target from $124 to $119.

September 29, 2023 | 10:21 am
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Barclays has maintained an Overweight rating on Nike but lowered the price target from $124 to $119.
While the Overweight rating suggests that Barclays expects Nike's stock to outperform the market, the lowering of the price target could indicate a slightly less optimistic outlook than previously. However, as the rating remains Overweight, the overall impact is likely to be neutral in the short term.
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