Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Nike

Share:
Related NKE
Under Armour Or Nike: Which One Will Outrun The Other?
4 Top-Performing Stocks For Sports Fans
Buying Dividend Growth Stocks Without Looking (Seeking Alpha)

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
Jul 2015JefferiesMaintainsBuy
Jun 2015CitigroupMaintainsBuy
Jun 2015Buckingham ResearchMaintainsBuy

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NKE)

Get Benzinga's Newsletters