Morgan Stanley lowered the firm’s price target on Nike (NKE) to $61 from $70 and keeps an Equal Weight rating on the shares. The firm sees room for Q4 EPS upside, but cautions it also believes the Street FY26 EPS consensus is “too high.” Estimates that are too high plus a lack of positive demand and innovation feedback from the channel leaves the firm “slightly more negative on our Equal-weight rating,” though “seemingly bearish sentiment may mean any bright spots are rewarded,” the analyst tells investors in a preview.
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Read More on NKE:
- Positive Outlook for Nike: Strategic Positioning and Growth Potential Amid Challenges
- Mixed options sentiment in Nike with shares down 1.86%
- Academy Sports price target raised to $47 from $45 at Truist
- Option traders moderately bearish in Nike with shares down 0.13%
- Nike names Michael Gonda chief communications officer
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