Citigroup Maintains Buy on Nike, Lowers Price Target to $102
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Buy rating on Nike (NYSE:NKE) but lowers the price target from $115 to $102.

June 28, 2024 | 8:08 pm
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Citigroup analyst Paul Lejuez maintains a Buy rating on Nike but lowers the price target from $115 to $102.
The Buy rating suggests continued confidence in Nike's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100