** Morgan Stanley cuts PT on Air Jordan maker Nike NKE.N to $72 from $74, cites uncertain impacts of strategic changes
** Brokerage says turnaround remains in early-days, with strategy not entirely solidified
** "The timeline to a potential P&L improvement is now highly uncertain with strategic changes laid out likely elongating an inflection beyond FY25," says brokerage
** Says Nike's re-entry into wholesale and franchise life-cycle management makes co's P&L over the short- and long-term harder to predict
** New PT is an over 2% downside to stock's last close
** Nineteen of 38 brokerages rate stock "buy" or higher, 17 "hold", and 2 "sell"; median PT is $90 - data compiled by LSEG
** NKE shares down nearly 3% YTD; they fell over 30% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。