Citigroup maintains Neutral on Nike, lowers price target to $47
Citigroup analyst Paul Lejuez maintains a Neutral rating on Nike and reduces the price target to $47 from $53, signaling a revised outlook for the stock.
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Citigroup analyst Paul Lejuez has maintained a Neutral rating on Nike (NYSE: NKE) and lowered the price target to $47 from $53. The revision adjusts the firm's expectations for the stock's performance following a review of the company's position.
Rating and Price Target
The decision to keep the rating at Neutral comes alongside a reduction in the price objective. The new target of $47 represents a decrease from the previous level of $53.
| Metric | Value |
|---|---|
| Rating | Neutral |
| Previous Price Target | $53 |
| New Price Target | $47 |
The analyst's outlook suggests a wait-and-see approach for investors considering Nike shares.
What specific factors led Citigroup to revise Nike's price target downward?
How might Nike's upcoming earnings report influence future analyst ratings?
What are the potential risks or opportunities for Nike in the current market environment?
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