Morgan Stanley Reinstates Underweight on Nike, Announces $31 Price Target
Morgan Stanley analyst Alex Straton reinstates Nike (NYSE:NKE) with a Underweight and announces $31 price target.
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Why It Matters
A big investment firm thinks Nike's stock may go down and set a lower price they think it could reach. When smart money folks become less hopeful about a company, it is worth noticing what they see that worries them.
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