Truist Securities Maintains Hold on Nike, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Nike and raised its price target from $81 to $85.
September 20, 2024 | 4:06 pm
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Truist Securities has maintained a Hold rating on Nike and increased the price target from $81 to $85, indicating a slightly more positive outlook.
The increase in the price target from $81 to $85 suggests a slightly more optimistic view on Nike's stock performance, which could lead to a positive short-term impact on the stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100