JP Morgan Maintains Overweight on Nike, Lowers Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Korn maintains an Overweight rating on Nike (NYSE:NKE) but lowers the price target from $122 to $116.
June 20, 2024 | 1:13 pm
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JP Morgan analyst Matthew Korn maintains an Overweight rating on Nike but lowers the price target from $122 to $116.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on Nike's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100