Market Overview

Morgan Stanley Has Positive Outlook On Nike

Share:
Related NKE
Benzinga's Top Upgrades, Downgrades For January 19, 2017
Why Apparel Retailers Moved Higher On Trump's Comments About The Dollar
Ride The Tech Wave, Not The Trump Wave (Seeking Alpha)

In a report published Monday, Morgan Stanley analyst Jay Sole reiterated an Overweight rating and $85.00 price target on Nike (NYSE: NKE).

In the report, Morgan Stanley noted, “We believe a 4Q14 EPS beat with in-line FY15 guidance will positively catalyze shares. We model $0.77 4Q EPS vs. the Street's $0.75, based on a higher top-line growth outlook. Guidance likely signals Nike's long-term mid-teens EPS growth story is on track and helps maintain the stock's P/E.”

Nike closed on Friday at $75.10.

Latest Ratings for NKE

DateFirmActionFromTo
Jan 2017CLSAInitiates Coverage OnUnderperform
Jan 2017Atlantic EquitiesInitiates Coverage OnOverweight
Dec 2016Cowen & Co.DowngradesOutperformMarket Perform

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: Jay Sole Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NKE)

View Comments and Join the Discussion!