Wells Fargo Maintains Overweight on Nike, Lowers Price Target to $92
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Kate Fitzsimons maintains an Overweight rating on Nike (NYSE:NKE) but lowers the price target from $115 to $92.
June 28, 2024 | 5:20 pm
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Wells Fargo analyst Kate Fitzsimons maintains an Overweight rating on Nike but lowers the price target from $115 to $92.
The lowered price target from $115 to $92 suggests a more cautious outlook on Nike's stock performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
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