Morgan Stanley Maintains Overweight on Nike, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Overweight rating on Nike (NKE) but lowers the price target from $125 to $124.

March 12, 2024 | 12:32 pm
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Morgan Stanley maintains an Overweight rating on Nike, with a slight reduction in the price target from $125 to $124.
The adjustment in price target by Morgan Stanley is minor, suggesting a continued positive outlook on Nike but with a slight recalibration of expectations. This could lead to a neutral short-term impact on Nike's stock price as the market absorbs the minor adjustment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 90