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Matthew Boss - 1 aren't - 1 Jay Sole - 1 Goldman Sachs - 1 Kate McShane - 1 McShane - 1 Morgan Stanley's Alex Straton - 1 Straton - 1
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☆ Wall Street expects struggling Nike is turning things around, sees 50% to 60% upside
  + stars: | 2023-09-29 | by ( Brian Evans | ) www.cnbc.com   time to read: +4 min
Nike also reiterated its full-year guidance for midsingle-digit revenue growth. NKE YTD mountain Nike stock. The firm maintains an overweight rating on Nike stock and forecasts nearly 53% upside from Thursday's $89.62 close. McShane has a $136 per share price target on Nike stock, which implies more than 51% upside. Despite a near-term "choppy" outlook for Nike growth, the analyst says the company is well-positioned to navigate headwinds including "tough comparisons" and stiffer competition.
Persons: Matthew Boss, aren't, Jay Sole, Goldman Sachs, Kate McShane, McShane, Morgan Stanley's Alex Straton, Straton, Paul Lejuez, Lejuez, — CNBC's Michael Bloom Organizations: Nike, LSEG, JPMorgan, UBS, Paris Olympics, Air Max, 2Q, Citi Locations: U.S
☆ Morgan Stanley's Alex Straton on Abercrombie & Fitch upgrade, points to assortment pivot
  + stars: | 2023-08-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Alex Straton on Abercrombie & Fitch upgrade, points to assortment pivotAlex Straton, Morgan Stanley research director, joins 'Power Lunch' to discuss Morgan Stanley's upgrade of Abercrombie & Fitch, despite market skepticism of the retailer.
Persons: Morgan, Alex Straton, Morgan Stanley, Morgan Stanley's, Abercrombie & Organizations: Abercrombie, Fitch, Abercrombie & Fitch
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