Telsey Advisory analyst Cristina Fernandez lowered the firm’s price target on Adidas (ADDYY) to EUR 235 from EUR 270 and keeps an Outperform rating on the shares. The firm believes the company is well positioned given its brand momentum as well as its lower exposure to the U.S. and operational execution, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ADDYY: