Latest / Investopedia Markets News (all except PF)
Nike Just Gained Another Bearish Call on Wall Street—Here’s Why
Nike shares have lost more than 40% of their value since the start of the year.Credit: Milad Payami / FIBA via Getty ImagesKey TakeawaysMorgan Stanley analysts reinstated coverage of Nike on Thursday with an “underweight” rating and Street-low price target of $31.The analysts said they believe the consensus forecast for Nike “embeds too much growth too soon–particularly in China.” Nike’s stock has had a tough time lately. One group of analysts says it could get even worse.Analysts at Morgan Stanley relaunched coverage of Nike (NKE) Thursday with an “underweight” rating and a Street-low target…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.