Barclays Downgrades Nike to Equal-Weight, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has downgraded Nike (NYSE:NKE) from Overweight to Equal-Weight and lowered the price target from $109 to $80.
June 28, 2024 | 3:15 pm
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Barclays analyst Adrienne Yih downgraded Nike from Overweight to Equal-Weight and reduced the price target from $109 to $80.
The downgrade from Overweight to Equal-Weight and the significant reduction in the price target from $109 to $80 by Barclays is likely to negatively impact Nike's stock price in the short term. This reflects a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100