NKE Nike -B-
58.87 1.12 (+1.90 %)
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Nike is heading in the right direction, according to Morgan Stanley Research analysts.
The bank predicts Nike’s performance will improve based on new products like the Air VaporMax, favorable fashion trends, and the brand’s shortening of its supply chain to bring products to market faster. These factors will lead to 5% growth in the 2018 fiscal year, according to the bank.
The VaporMax is…