Stifel Maintains Buy on Nike, Lowers Price Target to $129
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy has maintained a Buy rating on Nike (NYSE:NKE) but has reduced the price target from $135 to $129.

December 22, 2023 | 11:17 am
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Stifel analyst Jim Duffy maintains a Buy rating on Nike but lowers the price target from $135 to $129.
While the reduction in price target could suggest a slightly less optimistic outlook on Nike's future stock performance, the maintenance of a Buy rating indicates that the analyst still sees positive potential in the stock. This mixed signal is likely to have a neutral short-term impact on Nike's stock price as investors weigh the lowered price target against the continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100