Morgan Stanley Reiterates Overweight on Nike, Maintains $126 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Kurtz has reiterated an Overweight rating on Nike (NYSE:NKE) and maintained a price target of $126.
September 29, 2023 | 12:10 pm
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Morgan Stanley's reiteration of an Overweight rating and a $126 price target on Nike could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment. In this case, Morgan Stanley's reiteration of an Overweight rating and a $126 price target on Nike indicates a positive outlook for the company, which could potentially boost investor confidence and positively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100