UPDATE: Morgan Stanley Reiterates on Nike Following Solid Beat and Raise Quarter
December 20, 2013 at 11:31 AM EST
In a report published Friday, Morgan Stanley analyst Jay Sole reiterated an Overweight rating on Nike (NYSE: NKE ), but removed the $85.00 price target. In the report, Morgan Stanley noted, “Nike's 2Q result means Street EPS estimates likely increase, boosting shares. Market sentiment probably rises as key catalysts like