B of A Securities Maintains Buy on Nike, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Nike but lowered its price target from $104 to $100.
October 02, 2024 | 11:25 am
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NEUTRAL IMPACT
B of A Securities has maintained a Buy rating on Nike, indicating continued confidence in the stock, but has lowered the price target from $104 to $100, suggesting a slightly less optimistic outlook.
The maintenance of a Buy rating suggests that the analyst still sees potential upside in Nike's stock. However, the reduction in the price target indicates a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100