Morgan Stanley cut the company’s interest rate price target on Nike (NKE) to $74 from $80 and maintains an Equal Weight rating on the stock. While the second quarter turned out better than expected, the outlook suggests that the fundamental trajectory “will get worse before it can get better,” while Nike’s path to a turnaround “remains uncertain,” the analyst tells investors. The company believes EPS risk will persist into FY26, “making it another reset year,” the analyst added.
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