Evercore ISI Group Maintains Outperform on Nike, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti maintains an Outperform rating on Nike (NKE) but lowers the price target from $127 to $117.

March 22, 2024 | 3:59 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Nike but lowers the price target from $127 to $117.
The maintenance of an Outperform rating by Evercore ISI Group indicates a continued positive outlook on Nike's stock, suggesting confidence in the company's future performance. However, the reduction in the price target could reflect adjustments in market conditions or expectations, potentially leading to short-term volatility in the stock price. The overall impact is neutral as the positive rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100