Nike Inc (NYSE:NKE) was downgraded by equities researchers
at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a
research note issued on Wednesday, StockTargetPrices.com reports. They
currently have a $60.00 price target on the footwear maker’s stock, down from
their prior price target of $69.00. Morgan Stanley’s price target indicates a
potential upside of 8.66% from the stock’s previous close.
Source: American Banking and Market News
Nike Inc (NYSE:NKE) was downgraded by research analysts at
Bank of America from a “buy” rating to a “neutral” rating in a report released
on Wednesday, The Fly reports.
A number of hedge funds recently added to or reduced their
stakes in the company. Boston Advisors boosted its stake in Nike by 10.0% in
the fourth quarter. Boston Advisors now owns 14,784 shares of the footwear
maker’s stock worth $924,000 after buying an additional 1,340 shares during the
period. J. W. Burns & Company boosted its stake in Nike by 8.0% in the
fourth quarter. J. W. Burns & Company now owns 66,996 shares of the
footwear maker’s stock worth $4,187,000 after buying an additional 4,970 shares
during the period. Meag Munich Ergo Kapitalanlagegesellschaft bought a new
stake in Nike during the third quarter worth approximately $26,543,000. Capital
One National Association boosted its stake in Nike by 102.6% in the fourth
quarter. Capital One National Association now owns 86,108 shares of the
footwear maker’s stock worth $5,382,000 after buying an additional 43,611
shares during the period. Finally, 1ST Source Bank boosted its stake in Nike by
128.4% in the fourth quarter. 1ST Source Bank now owns 36,620 shares of the
footwear maker’s stock worth $2,289,000 after buying an additional 20,590
shares during the period.
Source: American Banking and Market News