SharkNinja price target lowered to $127 from $128 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on SharkNinja (SN) to $127 from $128 and keeps an Equal Weight rating on the shares. The macro environment has dominated the narrative for the firm’s leisure coverage over the past few weeks, notes the analyst, who sees the focus into earnings being whether companies make any changes to fiscal year outlooks to reflect expectations for higher input cost inflation.