Morgan Stanley analyst Lauren Cassel maintains Overweight on Nike (NYSE: NKE) price target of $103.00.

The analyst comments "+14% CC revenue growth and 13% EPS growth highlight NKE's defensibility amidst an increasingly volatile macro backdrop. +41% digital growth and revenue acceleration across all regions showcase NKE's DTC transformation and innovation pipeline are still in early innings."

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Shares of Nike closed at $73.40 yesterday.