Nike (NKE) is undergoing a major restructuring of its senior leadership team to streamline decision-making and pivot towards speed and efficiency. As part of this shake-up, Venkatesh Alagirisamy has been named the new Chief Operating Officer, absorbing technology leadership responsibilities. The stock has faced challenges, with a recent 16.2% slump over the past year, but analysts are optimistic about the company’s future. RBC Capital reaffirmed an “Outperform” rating and $85 price target on Nike, citing progress in cleaning up excess inventory and a positive outlook for the company’s operational position.

Read more at Barchart: As Nike Shakes Up Its C-Suite, Should You Buy, Sell, or Hold NKE Stock?