Piper Sandler Maintains Neutral on Nike, Lowers Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks has maintained a Neutral rating on Nike (NYSE:NKE) but reduced the price target from $112 to $107.

December 22, 2023 | 3:42 pm
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NEUTRAL IMPACT
Piper Sandler maintains a Neutral stance on Nike but lowers the price target from $112 to $107, indicating a potential limited upside or downside.
The reduction in price target by Piper Sandler suggests a modest adjustment in the expected performance of Nike's stock. While the rating remains Neutral, indicating no significant change in the company's outlook, the lower price target could imply a slight bearish sentiment or a recalibration of expectations. However, since the rating did not change to a sell, the impact is likely to be muted in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100