Morgan Stanley Maintains Overweight on Nike, Lowers Price Target to $127
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Kurtz has maintained an Overweight rating on Nike (NYSE:NKE) but lowered the price target from $130 to $127.

June 30, 2023 | 1:06 pm
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Morgan Stanley has maintained an Overweight rating on Nike but lowered the price target from $130 to $127.
The news is directly related to Nike as Morgan Stanley has maintained an Overweight rating on the company but lowered the price target. This could indicate a potential decrease in the short-term stock price, but the Overweight rating suggests that the company is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100