Wells Fargo Maintains Overweight on Nike, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Nike and raised the price target from $86 to $95.
September 20, 2024 | 2:39 pm
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POSITIVE IMPACT
Wells Fargo has increased its price target for Nike from $86 to $95, maintaining an Overweight rating. This suggests a positive outlook for Nike's stock.
The increase in price target from $86 to $95 by Wells Fargo indicates a positive sentiment towards Nike's future performance. Maintaining an Overweight rating suggests that the analyst expects Nike to outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100