Morgan Stanley Has Positive Outlook On Nike
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
|Dec 2014||Cowen & Company||Initiates Coverage on||Outperform|
|Dec 2014||Buckingham Research||Initiates Coverage on||Buy|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.