Oppenheimer Downgrades Nike to Perform, Announces $110 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Nagel downgraded Nike (NKE) from Outperform to Perform and set a price target of $110.

February 16, 2024 | 11:40 am
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Nike was downgraded by Oppenheimer from Outperform to Perform with a new price target of $110.
The downgrade from Outperform to Perform by a major analyst like Oppenheimer can lead to a negative perception among investors, potentially causing a short-term decrease in stock price. The setting of a price target provides a benchmark but the downgrade is the primary factor likely to influence the stock's short-term movement.
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