Telsey Advisory raised the firm’s price target on Adidas to EUR 205 from EUR 185 and keeps a Market Perform rating on the shares. Product newness is proving to be “promising” for Adidas and top line growth and profitability are anticipated to improve further in 2025 and 2026, the analyst tells investors. However, while the firm sees the potential for a turnaround, “a lot seems built into the share price,” the analyst added.
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Read More on ADDYY:
- Adidas AG (ADDYY) Q4 Earnings Cheat Sheet
- Adidas initiated with an Overweight at Barclays
- Adidas upgraded to Outperform from Sector Perform at RBC Capital
- Adidas price target lowered to EUR 227 from EUR 230 at JPMorgan
- Adidas price target lowered to EUR 200 from EUR 220 at Deutsche Bank
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