Cedric Lecasble, an analyst from Stifel Nicolaus, maintained the Buy rating on adidas AG (0OLD – Research Report). The associated price target is €267.00.
Cedric Lecasble has given his Buy rating due to a combination of factors that highlight adidas AG’s strong performance and promising outlook. The company reported robust sales growth across various regions, including North America, Europe, and Greater China, with notable increases in the wholesale channel. This impressive growth trajectory is supported by a strong exit rate and double-digit sales growth expectations for the upcoming fiscal year.
Furthermore, adidas AG’s strategic approach to inventory management and product diversification, particularly in high-growth areas like football and running performance, contributes to its positive outlook. Despite a slightly conservative EBIT margin guidance compared to consensus, the company’s history of under-promising and over-delivering suggests potential upside. These factors collectively underpin Cedric Lecasble’s confidence in recommending a Buy rating for adidas AG.
In another report released today, Baader Bank also maintained a Buy rating on the stock with a €238.00 price target.
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