Morgan Stanley Offers Preview Of Nike Inc Ahead Of Q1 Earnings

In a note released Monday morning, Morgan Stanley analyst Jay Sole provided insight on what investors should expect out of

in its first quarter earnings report. Sole said it is likely Nike will post inline results and reaffirm 2015 guidance, and he is not expecting a big move in share price as a result of the release (+/- 3.2 percent or less). For the quarter, Sole is forecasting an EPS of $0.88, which he noted is inline with the Street and at the higher end of the company's guided range. Sole said Nike remains his top Overweight idea and currently has a $88 price target for the stock.