B of A Securities Upgrades Nike to Buy, Raises Price Target to $113
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson upgrades Nike (NYSE:NKE) from Neutral to Buy and raises the price target from $110 to $113.
April 11, 2024 | 10:27 am
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POSITIVE IMPACT
Nike upgraded from Neutral to Buy by B of A Securities, with a price target increase from $110 to $113.
Upgrades by major analysts typically lead to positive short-term price movements as market sentiment improves. The increase in price target further boosts confidence in Nike's stock potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100