Oppenheimer upgrades Nike to Outperform, lifts price target [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Yahoo Finance's Brad Smith and Madison Mills report more on the bullish call and the retailer's outlook after struggling with weak consumer sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Video Transcript Nike getting a bullish call from Oppenheimer this morning. The firm upgrading the stock from perform to outperform. Also lifting the price target from $110 up to 120. Reinstating this retailer as a top mega cap pick. The analyst behind the call saying that near term financial expectations for Nike are largely the risk. Also, I thought the kind of quote to call out from this note Nike is on the men. That is a direct quote from analyst Brian N writing this note, saying that, yes, Nike has had a slew of tough quarters, particularly given the slowdown that we've seen in consumer spending coming out of China. That's been a key kind of data point to watch when
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