Truist Securities Maintains Hold on Nike, Raises Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Beth Reed has maintained a Hold rating on Nike (NYSE:NKE) and increased the price target from $107 to $111.
December 28, 2023 | 1:08 pm
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POSITIVE IMPACT
Truist Securities analyst Beth Reed maintains a Hold rating on Nike and raises the price target from $107 to $111, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests a positive reassessment of Nike's valuation, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, since the rating remains a Hold, the impact may be moderate as it does not suggest a strong buy or sell action.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100