Barclays Maintains Equal-Weight on Nike, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Nike and lowers the price target from $84 to $81.
October 02, 2024 | 6:28 pm
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Barclays analyst Adrienne Yih maintains an Equal-Weight rating on Nike and lowers the price target from $84 to $81, indicating a slightly bearish outlook.
The lowering of the price target by Barclays suggests a slightly bearish sentiment towards Nike's stock performance. Maintaining an Equal-Weight rating indicates that the analyst expects the stock to perform in line with the market. The reduction in the price target from $84 to $81 reflects a decrease in expected future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100