JP Morgan Downgrades Nike to Neutral, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has downgraded Nike (NYSE:NKE) from Overweight to Neutral and lowered the price target from $116 to $83.
June 28, 2024 | 12:56 pm
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JP Morgan analyst Matthew Boss downgraded Nike from Overweight to Neutral and reduced the price target from $116 to $83.
The downgrade from Overweight to Neutral and the significant reduction in the price target from $116 to $83 by a major financial institution like JP Morgan is likely to negatively impact Nike's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100