HSBC Maintains Hold on Nike, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Erwan Rambourg maintains a Hold rating on Nike (NYSE:NKE) but lowers the price target from $100 to $90.
June 28, 2024 | 5:12 pm
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HSBC analyst Erwan Rambourg maintains a Hold rating on Nike but lowers the price target from $100 to $90.
The lowered price target from $100 to $90 by HSBC suggests a less optimistic outlook for Nike's stock performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100