Truist Securities Upgrades Nike to Buy, Citing Pos…

From Financial Modeling Prep: 2024-10-10 15:02:00

Truist Securities analysts upgraded Nike (NYSE:NKE) to Buy from Hold, with a new price target of $97, up from $83. Investor expectations have adjusted to ongoing turnaround reality, leading to a more favorable outlook. Experienced leadership, increased marketing investment, and strong partnerships hint at promising momentum for Nike’s future.



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