Wedbush analyst Christopher Svezia said he is encouraged by Nike's Mark Parker committing to stay in the CEO role beyond 2020, seeing the extended tenure as good for the company as it executes its Triple Double / 2X and Consumer Direct Offense strategies. Remarking on Nike Brand President Trevor Edwards' retirement, Svezia noted that media reports suggest that it may be related to issues having nothing to do with the company's underlying business and is likely not a sign of business deterioration. Svezia keeps an Outperform rating and $74 price target on Nike shares.