Nike shares are trading higher after Oppenheimer upgraded the stock from Perform to Outperform and raised its price target from $110 to $120.
Portfolio Pulse from Benzinga Newsdesk
Nike shares are trading higher after Oppenheimer upgraded the stock from Perform to Outperform and raised its price target from $110 to $120.
June 21, 2024 | 2:43 pm
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POSITIVE IMPACT
Oppenheimer upgraded Nike from Perform to Outperform and increased its price target from $110 to $120, leading to a rise in Nike's share price.
The upgrade from a reputable analyst firm like Oppenheimer and the increased price target are strong positive signals for investors, likely leading to increased buying activity and a short-term rise in Nike's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100