Joseph Watt

Morgan Stanley issued an analyst note Monday and proposed a pair trade in branded apparel and footwear along with comments on companies in the sector. Analysts Jay Sole and Joseph Watt commented that their favorite pair trade ideas included: Nike Inc (NYSE: NKE) over Under Armour Inc (NYSE:...

Morgan Stanley raised its price target for Nike Inc (NYSE: NKE) from $88 to $105. According to a research note from Jay Sole and Joseph Watt, Nike will sustain a 16 percent three-year EPS CAGR. Morgan Stanley claimed that EPS will increase due to “long-term investments made to improve...