Barclays Maintains Overweight on Nike, Lowers Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Nike (NKE) but lowers the price target from $142 to $114.

March 25, 2024 | 11:55 am
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Barclays maintains an Overweight rating on Nike but lowers the price target from $142 to $114.
While the Overweight rating suggests Barclays' positive outlook on Nike's stock, the reduction in the price target from $142 to $114 indicates a tempered expectation for the stock's performance. This adjustment could lead to mixed reactions in the market, with some investors seeing it as a buying opportunity due to the maintained positive rating, while others may view the lowered price target as a sign of potential challenges ahead for Nike. Overall, the impact on the stock price in the short term is likely to be neutral as these factors balance each other out.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100