Truist Securities Maintains Hold on Nike, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joseph Civello maintains a Hold rating on Nike (NYSE:NKE) but lowers the price target from $99 to $81.
June 28, 2024 | 12:56 pm
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Truist Securities has maintained a Hold rating on Nike but has lowered the price target from $99 to $81, indicating a more cautious outlook on the stock.
The lowered price target from $99 to $81 by Truist Securities suggests a more cautious outlook on Nike's stock performance. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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