B of A Securities Maintains Neutral on Nike, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Neutral rating on Nike (NKE) and lowers the price target from $125 to $120.

March 18, 2024 | 2:00 pm
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B of A Securities maintains a Neutral rating on Nike and lowers the price target from $125 to $120.
The reduction in the price target by B of A Securities suggests a less optimistic outlook on Nike's stock performance in the short term. This adjustment could lead to a negative perception among investors, potentially impacting the stock's price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100