Truist Securities Upgrades Nike to Buy, Raises Price Target to $97
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has upgraded Nike's stock from Hold to Buy and increased its price target from $83 to $97, indicating a positive outlook for the company's stock performance.
October 10, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Truist Securities has upgraded Nike's stock from Hold to Buy and increased its price target from $83 to $97, suggesting a positive short-term outlook for the stock.
The upgrade from Hold to Buy by Truist Securities, along with a raised price target, typically signals increased confidence in Nike's future performance. This is likely to attract more investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100