** 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;))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。