PepsiCo (PEP) is down more than -1% after Morgan Stanley downgraded the stock to equal weight from overweight. Nike (NKE) is up more than +7% to lead gainers in the Dow Jones Industrials after ...
Shares of Nike Inc. climbed more than 6% Friday after the sneaker maker and sportswear giant announced a CEO switch. But analysts say that incoming chief executive and company veteran Elliott Hill has ...
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.