Citigroup Maintains Buy on Nike, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Buy rating on Nike (NKE) but lowers the price target from $135 to $125.
March 14, 2024 | 2:55 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Nike but lowers the price target from $135 to $125.
While the reduction in price target from $135 to $125 by Citigroup could suggest a tempered outlook on Nike's short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100