RBC Capital Maintains Outperform on Nike, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Piral Dadhania maintains an Outperform rating on Nike (NKE) but lowers the price target from $120 to $110.
March 12, 2024 | 3:37 pm
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RBC Capital maintains an Outperform rating on Nike but lowers the price target from $120 to $110.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a continued positive outlook on Nike but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target amidst ongoing bullish sentiment.
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