Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Nike

Share:
Related NKE
James Harden's Shoe Gets The Steph Curry Treatment
Benzinga's Top Downgrades
Stocks Close Mixed After Rising, Falling On Fed Chatter (Investor's Business Daily)

In a report published Monday, Morgan Stanley reiterated its Equal-Weight rating on Nike (NYSE: NKE).

Morgan Stanley noted, “Investors eyeing inflections in GMs and China futures during 2Q could be disappointed, as we believe both are more CY2013 events. Valuation has returned to historic norms and EPS estimates are unlikely to move substantially, so we would not expect too large of a stock reaction and remain EW.”

Nike closed on Friday at $96.91.

Latest Ratings for NKE

DateFirmActionFromTo
Aug 2016B. RileyDowngradesBuyNeutral
Jun 2016Stifel NicolausMaintainsBuy
Jun 2016BairdMaintainsOutperform

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NKE)

View Comments and Join the Discussion!