Nike (NKE) Remains a Top Pick at Morgan Stanley

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."

For an analyst ratings summary and ratings history on Nike click here. For more ratings news on Nike click here.

Shares of Nike closed at $73.40 yesterday.

You May Also Be Interested In

• Goldman Sachs Upgrades Rentokil Initial Plc. (RTO:LN) (RTO) to Buy
• Morgan Stanley Resumes Urban Outfitters, Inc. (URBN) at Overweight
• Morgan Stanley Resumes Tapestry Inc. (TPR) at Overweight