Nike's hard-hit shares rallied Friday as Wall Street analysts largely welcomed the company's appointment of veteran executive ...
New Nike CEO Elliot Hill is inheriting “a turnaround that has yet to show momentum,” according to Stifel analyst Jim Duffy.
One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.
Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.
Celebrations broke out on Nike’s campus as staff high-fived and hugged each other, while others popped bottles of prosecco.
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