The analyst rating for SHENZHOU INTL was upgraded to Overweight by Morgan Stanley due to several reasons. Despite the negative impact of Nike's 2FQ26 results on SHENZHOU INTL's performance, the broker identified positive signals that the market may have overlooked. Morgan Stanley pointed out that while SHENZHOU INTL is often viewed as a representative of the sportswear sector in mainland China, over 75% of its sales come from markets outside of China, which are expected to benefit from resilience in those regions. Additionally, the recent decline in SHENZHOU INTL's share price presents a good opportunity for investors to add to their positions. The target price set by Morgan Stanley for SHENZHOU INTL is $72.
