BMO Capital Maintains Outperform on Nike, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Simeon Siegel has maintained an Outperform rating on Nike (NYSE:NKE) but lowered the price target from $120 to $110.
September 29, 2023 | 1:11 pm
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Nike's price target has been lowered from $120 to $110 by BMO Capital, though the Outperform rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the negative impact.
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IMPORTANCE 80
RELEVANCE 100