Morgan Stanley Maintains Overweight on Nike, Lowers Price Target to $126
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 $127 to $126.
September 22, 2023 | 12:19 pm
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NEUTRAL IMPACT
Nike's price target has been lowered by Morgan Stanley from $127 to $126, while maintaining an Overweight rating.
The news is directly related to Nike and is likely to influence investor sentiment. However, the impact on the stock price may be neutral in the short term as the price target reduction is minimal and the Overweight rating is maintained.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100