Truist Securities Maintains Hold on Nike, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Beth Reed has maintained a Hold rating on Nike (NYSE:NKE) and reduced the price target from $108 to $107.

December 22, 2023 | 2:58 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Truist Securities analyst Beth Reed maintains a Hold rating on Nike and lowers the price target from $108 to $107.
The adjustment in price target by Truist Securities is minor, suggesting a slight negative sentiment but not a significant change in the company's outlook. The Hold rating indicates that the analyst does not see substantial upside or downside in the near term, which is why the score is neutral. The relevance is high as the news directly pertains to Nike. The importance is moderate because price target adjustments are common and this is a small change. The confidence level is high due to the specificity of the analyst's rating and target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100