TD Cowen Maintains Hold on Nike, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Kernan maintains a Hold rating on Nike and raises the price target from $71 to $78.
October 02, 2024 | 5:58 pm
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TD Cowen analyst John Kernan maintains a Hold rating on Nike, but raises the price target from $71 to $78, indicating a more optimistic outlook.
The increase in the price target from $71 to $78 suggests a more positive outlook on Nike's stock, which could lead to a short-term price increase. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, balancing the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100