Nike shares are trading higher after Guggenheim maintained a Buy rating on the stock with a $130 price target.
Portfolio Pulse from Benzinga Newsdesk
Nike's stock is experiencing an uptick following Guggenheim's reaffirmation of a Buy rating and a $130 price target for the company.

March 11, 2024 | 7:39 pm
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Nike's shares are trading higher after Guggenheim maintained a Buy rating on the stock with a $130 price target.
Analyst ratings, especially from reputable firms like Guggenheim, can significantly influence investor sentiment and stock prices. The maintenance of a Buy rating and a high price target suggests a strong bullish outlook on Nike, likely leading to increased investor confidence and a short-term uptick in stock price.
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