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Morgan Stanley Begins Coverage on NIKE (NKE)

01.01.70

Morgan Stanley (NYSE: MS) pre-empted coverage on shares of NIKE (NYSE: NKE) in a research note issued on Friday. They set an “even weight” rating on the stock.

Separately, analysts at Sterne Agee raised their penalty target on shares of NIKE to $125.00 in a research note to investors on Thursday. Analysts at UBS AG (NYSE: UBS) raised their consequence target on shares of NIKE from $106.00 to $115.00 in a research note to investors on Wednesday, February 8th. They now have a “buy” rating on the father. Also, analysts at Argus upgraded shares of NIKE from a “slow down” rating to a “buy” rating in a research note to investors on Tuesday, January 31st. They now have a $118.00 value target on the stock.

NIKE, Inc. (NIKE), is engaged in design, condition and marketing of footwear, apparel, equipment and accessory products. NIKE is a seller of athletic footwear and athletic duds in the world. The Company sells its products to retail accounts, through NIKE-owned retail stores, and Internet sales, and through a mix of self-sufficient distributors and licensees, in over 170 countries around the world. NIKE’s athletic footwear products are designed generally for specific athletic use. It also markets footwear designed for baseball, cheerleading, football, golf, lacrosse, out of doors activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. The Fellowship sells sports apparel and accessories, as well as athletic bags and accessory items. It also markets clothing with licensed college and professional team, and league logos.

Source: Web Inquirer