Stifel Maintains Buy on Nike, Lowers Price Target to $129-Report Released on 21 December 2023
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy has maintained a Buy rating on Nike (NYSE:NKE) but reduced the price target from $135 to $129, according to a report released on December 21, 2023.
December 22, 2023 | 7:01 pm
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Stifel analyst Jim Duffy reaffirms a Buy rating on Nike but lowers the price target from $135 to $129.
The reduction in price target by Stifel suggests a slightly more cautious outlook on Nike's future price performance, but the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as the market digests both the positive endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100