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.

July 03, 2023 | 12:31 pm
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Morgan Stanley has maintained an Overweight rating on Nike but lowered the price target from $130 to $127.
While the Overweight rating suggests that Morgan Stanley expects Nike's stock to outperform the market, the lowering of the price target could indicate a slightly less optimistic outlook. However, as the price target is still above the current market price, the overall impact is neutral.
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