Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on Nike

Share:
Related NKE
Benzinga's Option Alert Recap From June 28
Amazon And Nike: Just Do It
Walgreens, Nike, Micron To Report As Dry Spell Nears: Investing Action Plan (Investor's Business Daily)

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
Jun 2017JP MorganDowngradesOverweightNeutral
Apr 2017ArgusDowngradesBuyHold
Jan 2017Atlantic EquitiesInitiates Coverage OnOverweight

View More Analyst Ratings for NKE
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (NKE)

View Comments and Join the Discussion!