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Fly News Breaks for December 11, 2018
NKE
Dec 11, 2018 | 09:24 EDT
Morgan Stanley analyst Lauren Cassel said she expects a revenue and EPS beat from Nike when the company reports its Q2 results on December 20 and views the 15% pullback since the company reported its Q1 results as bringing the stock down to a "compelling entry point." The analyst, who foresees the Q2 report calming investor fears of a China and broader international slowdown, keeps an Overweight rating on Nike with a $103 price target.
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