Truist Securities Maintains Hold on Nike, Lowers Price Target to $99
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joseph Civello has maintained a Hold rating on Nike (NKE) but has lowered the price target from $111 to $99.
March 22, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Truist Securities maintains a Hold rating on Nike but lowers the price target from $111 to $99.
The reduction in the price target by Truist Securities suggests a less optimistic outlook on Nike's stock price in the short term. This adjustment could lead to a negative perception among investors, potentially impacting the stock's performance negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100