Guggenheim Maintains Buy on Nike, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Robert Drbul maintains a Buy rating on Nike but lowers the price target from $115 to $110.

October 02, 2024 | 5:39 pm
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NEUTRAL IMPACT
Guggenheim analyst Robert Drbul maintains a Buy rating on Nike but lowers the price target from $115 to $110, indicating a slightly less optimistic outlook.
The analyst's decision to maintain a Buy rating suggests continued confidence in Nike's performance, but the lowered price target indicates a slightly reduced expectation for upside potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100