Truist Securities Maintains Hold on Nike, Lowers Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Nike while lowering its price target from $85 to $83, indicating a cautious outlook on the stock.
October 02, 2024 | 1:10 pm
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Truist Securities has maintained a Hold rating on Nike and lowered its price target from $85 to $83, suggesting a cautious stance on the stock's near-term performance.
The Hold rating suggests that the analyst does not see significant upside or downside in the stock, while the lowered price target indicates a slightly more conservative view on Nike's valuation. This could lead to neutral market reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100