Morgan Stanley Expects a Positive 2Q Catalyst for Nike

In a report published Tuesday, Morgan Stanley analyst Jay Sole reiterated an Overweight rating and $85.00 price target on Nike NKE. In the report, Morgan Stanley noted, “We think global athletic footwear and apparel trends remain solid. We expect Nike to deliver F2Q EPS and futures growth at least in-line with consensus estimates, sending shares higher. The options market implies a +/- 4.8% move over the report.” Nike closed on Monday at $76.44.