Truist Securities Maintains Hold on Nike, Maintains $111 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Beth Reed maintains a Hold rating on Nike (NKE) and keeps the price target at $111.
March 19, 2024 | 4:04 pm
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Truist Securities maintains a Hold rating on Nike with a $111 price target.
The maintenance of a Hold rating and a steady price target by a significant analyst like Truist Securities suggests no immediate positive or negative catalysts for Nike's stock price in the short term. The analyst's view likely reflects a balanced outlook on the company's current valuation and future prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100