Morgan Stanley Maintains Underweight on Nike, Lowers Price Target to $27
Morgan Stanley analyst Alex Straton maintains Nike (NYSE:NKE) with a Underweight and lowers the price target from $31 to $27.
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Nike Is Still Searching for Its Turnaround As Wall Street Sees Another Tough Year
Nike stock drops to a 52-week low after Q1 revenue missed estimates and the company issued a weak fiscal 2027 sales outlook.
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