WS #15269
Holding: newest synthesis is 5d 23h old
Morgan Stanley analyst Alex Straton maintained an Underweight rating on Nike but lowered the price target from $31 to $27. The downgrade reflects concerns over weakening consumer demand and competitive pressures in the footwear and apparel sector. This move highlights ongoing challenges in the consumer discretionary space despite the broader market rally.
Nike Analyst Downgrade
Morgan Stanley analyst Alex Straton maintained an Underweight rating on Nike but lowered the price target from $31 to $27. The downgrade reflects concerns over weakening consumer demand and competitive pressures in the footwear and apparel sector. This move highlights ongoing challenges in the consumer discretionary space despite the broader market rally.