Nike Stock Climbs as Wall Street Analysts Welcome a CEO Change
NKENIKE(NKE) Investopedia·2024-09-21 01:15

Key TakeawaysNike's hard-hit shares topped the Dow's leaderboard Friday as Wall Street analysts largely welcomed the company's appointment of longtime executive Elliott Hill as its new CEO.Jefferies stuck with its hold rating noting that Hill will have to handle headwinds including more competition since he left the firm four years ago.Bank of America maintained its buy rating and said Hill’s long previous tenure with Nike bodes well for its restructuring. Nike's (NKE) hard-hit shares rallied Friday, toppin ...