Stifel Maintains Buy on Nike, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy maintains a Buy rating on Nike (NKE) but lowers the price target from $129 to $117.

March 22, 2024 | 1:48 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Nike but lowers the price target from $129 to $117.
While the reduction in price target from $129 to $117 by Stifel indicates a tempered outlook, the maintenance of a Buy rating suggests continued confidence in Nike's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the reaffirmed positive rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100