Morgan Stanley Maintains Overweight on Nike, Lowers Price Target to $114
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Overweight rating on Nike (NYSE:NKE) but lowers the price target from $116 to $114.
June 17, 2024 | 11:57 am
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Morgan Stanley analyst Alex Straton maintains an Overweight rating on Nike but lowers the price target from $116 to $114.
The Overweight rating suggests a positive outlook on Nike, but the slight reduction in the price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100