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Competition From Under Armour And Adidas Could Continue To Weigh On Nike
Wednesday, June 29, 2016 - 9:14am | 314Read More...Nike Inc (NYSE: NKE) saw its stock trade lower by nearly 7 percent after Tuesday's market close in reaction to a concerning fourth quarter earnings print. Nike's ongoing headwinds were highlighted in a research note by Morgan Stanley's Jay Sole. 3 Signs Of Headwinds According to Sole, there are...
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Morgan Stanley Downgrades Nike: Athletic Apparel Is Weakening, Competition Is Increasing
Wednesday, June 1, 2016 - 7:48am | 342Read More...With the weakening in the U.S. athletic apparel category and rising competition, Morgan Stanley’s Jay Sole expects Nike Inc (NYSE: NKE) to see a slowdown in its U.S. sales, a risk that the stock does not fully reflect at present. Sole downgraded the rating on the company to Equal-weight,...
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Morgan Stanley On Children's Place: 'The Kids Are Just Fine'
Tuesday, May 17, 2016 - 4:10pm | 339Read More...Morgan Stanley maintains its Overweight rating on Childrens Place Inc (NASDAQ: PLCE) after the company reported better-than-expected results for the first quarter. The company's $1.32 first quarter EPS grew 59 percent year-over-year and "handily beat the Street's $1.04 estimate as well as the...
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Under Armour's Problems Are Far More Serious Than Spieth: Morgan Stanley Is Worried About What New SportScan Data Shows
Monday, April 11, 2016 - 12:43pm | 403Read More...Under Armour Inc (NYSE: UA) is worth going Underweight on, Morgan Stanley's Jay Sole said in a new analysis (reiterating his previous bear thesis) over the weekend. No, it's not because Jordan Spieth -- an Under Armour athlete -- had one of the worst collapses in golf history at the...
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Nike Missed On Top Line, But Analysts Still Bullish On The Swoosh
Wednesday, March 23, 2016 - 11:21am | 589Read More...Nike Inc (NYSE: NKE) reported Q4 EPS of $0.55, topping consensus expectations of $0.49. The company also reported Q4 revenue of $8.0 billion, slightly below consensus expectations of $8.2 billion. Nike shares are down about 4.5 percent in early Wednesday trading, but the revenue miss didn...
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Morgan Stanley Still Bearish On DSW
Thursday, March 17, 2016 - 10:07am | 281Read More...Morgan Stanley’s Jay Sole maintained an Underweight rating on DSW Inc. (NYSE: DSW), with a price target of $19. FY16 Guidance Sole mentioned that the company’s FY16 guidance implies that the EPS CAGR for the last five years has been -3 percent. The factors responsible for this...
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Morgan Stanley Says Performance Sports Q3 Whiff Changes Thesis; Downgrades To Equal-weight
Monday, March 14, 2016 - 10:29am | 236Read More...Morgan Stanley’s Jay Sole downgraded the rating for Performance Sports Group Ltd (NYSE: PSG) from Overweight to Equal-weight, while reducing the price target from $19 to $5. The analyst mentioned that the company’s 3Q profit warning indicates poorer-than-earlier-anticipated visibility...
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Steph Curry Worth $14 Billion To Under Armour
Monday, March 7, 2016 - 1:09pm | 412Read More...Morgan Stanley sees Steph Curry as a potential game-changer for Under Armour Inc (NYSE: UA). "Morgan Stanley is bearish on Under Armour. But Steph Curry could change everything," a Business Insider article stated. The Stamina Of Steph NBA MVP Steph Curry has his name attached to...
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5 Concerning Data Points Coming For Under Armour
Thursday, March 3, 2016 - 11:19am | 251Read More...Morgan Stanley's Jay Sole maintained an Underweight rating on Under Armour Inc (NYSE: UA), with a price target of $64. "Based on our deep-dive work, we see data points suggesting some of UA's growth levers are dissipating and represent risks not priced in," Sole mentioned....
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Despite Beat, Morgan Stanley Is Skeptical Toward Under Armour's Stock
Friday, January 29, 2016 - 9:28am | 294Read More...The share price of Under Armour Inc (NYSE: UA) has declined 14.08 percent over the past six months, to a low of $67.36 on January 26. Morgan Stanley’s Jay Sole has maintained an Underweight rating on the company, with a price target of $64. Despite positive headlines, Sole believes...
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Can Steph Curry Save Under Armour? Footwear Sales Grew 95%
Wednesday, January 27, 2016 - 6:35pm | 349Read More...Back on January 10, Morgan Stanley analysts Jay Sole, Joseph Wyatt and Edward Ryan offered a grim view of Under Armour Inc (NYSE: UA)'s 2016 outlook. The firm downgraded the stock to Underweight and cut their target price nearly in half from $103 to $62. Under Armour's footwear is...
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5 Apparel Pair Trades To Try In 2016
Monday, January 11, 2016 - 2:04pm | 346Read More...With market volatility and worries about the commodity downturn, China’s economic weakness and rising interest rates weighing on investors, now may be a good time to opt for the relative safety of pair trades as a hedge against a bearish stock market turn. In a new report, Morgan Stanley...
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Morgan Stanley Downgrades Under Armour, Cites Declining Share In Women's Market
Monday, January 11, 2016 - 9:51am | 285Read More...Shares of Under Armour Inc (NYSE: UA) have declined 26.72 percent over the past three months, down to a low of $75 on January 8. Morgan Stanley’s Jay Sole has downgraded the rating on the company from Equal-weight to Underweight, while lowering the price target from $103 to $62....
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Top Nike Analysts Love Recent Numbers
Wednesday, December 23, 2015 - 11:53am | 1043Read More...Shares of Nike Inc (NYSE: NKE) have appreciated 38.51 percent year-to-date, touching a high of $134.33 on November 27. Several top analysts recommended buying the stock, while one preferred to remain on the sidelines. The analysts believe that “Santa came early” for Nike this...
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Morgan Stanley Calls Nike's Analyst Day 'Very Bullish,' Maintained As Top Pick
Thursday, October 15, 2015 - 8:09am | 374Read More...Shares of Nike Inc (NYSE: NKE) have risen 29.89 percent year-to-date to reach a high of $126.43 on Monday. Morgan Stanley’s Jay Sole has maintained an Overweight rating on the company. Nike’s Analyst Day was better than expected. While maintaining the company as Morgan...
