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Morgan Stanley Reiterates Equal-Weight Rating on Nike

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

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Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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