Nike names Reenie Benzinger VP of global apparel NIKE announced the appointment of Reenie Benziger as Vice President of NIKE’s global apparel business. Benziger will be responsible for the creation and production of all NIKE apparel product globally. Benziger moves from her current role as VP/GM of Global Young Athletes.
Nike downgraded to Hold from Overweight at HSBC HSBC downgraded Nike to Hold and lowered its price target to $104 from $107. The firm said Nike's valuation remains impressive but believes estimates are unlikely to move significantly higher given FX impact and downgraded shares due to valuation.