Stifel Maintains Hold on Nike, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy maintains a Hold rating on Nike and lowers the price target from $88 to $79, indicating a cautious outlook on the stock.
August 26, 2024 | 3:56 pm
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Stifel analyst Jim Duffy maintains a Hold rating on Nike and lowers the price target from $88 to $79, suggesting a cautious outlook on the stock.
The lowering of the price target from $88 to $79 by Stifel indicates a less optimistic view on Nike's short-term performance. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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