Bernstein Maintains Outperform on Nike, Lowers Price Target to $109
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Aneesha Sherman maintains an Outperform rating on Nike but lowers the price target from $112 to $109.
September 19, 2024 | 11:07 am
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Bernstein analyst Aneesha Sherman maintains an Outperform rating on Nike, indicating confidence in the company's performance, but lowers the price target from $112 to $109, suggesting a slightly less optimistic outlook.
The Outperform rating suggests continued confidence in Nike's performance, which is positive. However, the lowered price target indicates a slightly less optimistic view on the stock's potential upside, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100