Baird Maintains Outperform on Nike, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Jonathan Komp has maintained an Outperform rating on Nike (NYSE:NKE) but has lowered the price target from $140 to $125.

March 22, 2024 | 6:04 pm
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Baird analyst Jonathan Komp maintains an Outperform rating on Nike but lowers the price target from $140 to $125.
While the maintenance of an Outperform rating suggests continued confidence in Nike's performance, the reduction in the price target could indicate concerns about near-term challenges or market conditions that might temper stock price growth. This mixed signal could lead to neutral short-term price movement as investors weigh the positive rating against the lowered price expectations.
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