Piper Sandler initiated coverage of Adidas (ADDYY) with an Overweight rating and EUR 265 price target The firm likes the risk return for a business growing earnings by 50% on average in 2025 and 2026. With U.S. at 20% of sales, Adidas also has limited tariff exposure, the analyst tells investors in a research note. Piper sees top- and bottom-line momentum into 2025 for the company.
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